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Sunday, 17 March 2019 16:02

NIGERIAN GAS FLARE COMMERCIALISATION PROGRAM

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NIGERIAN GAS FLARE COMMERCIALISATION PROGRAMME

 

Synterra have applied for the Nigerian Gas Flare Commercialisation Programme, an initiative conceived to deliver the zero gas flaring objective of the Nigerian Government.

 

This initiative provides an excellent opportunity for Nigeria to meet its commitment to end gas flaring. In recent years, Nigeria, which was the second largest gas flaring nation in the world, is now ranked the seventh. This is due to increased domestic gas consumption, particularly gas to power projects.

 

 New technologies now exist for gas processing to CNG, mini-LNG, mini-GTL and power generation for the monetisation of gas. Consequently, the Nigerian government has launched a “Nigerian Gas Flare Commercialisation Programme” (NGFCP), through the Nigerian National Petroleum Corporation (NNPC). The aim of the programme is to provide a commercial approach for the elimination of routine gas flares by 2020. The strategy is to achieve social, environmental and economic impacts in the Niger Delta region by mobilising private sector capital towards ‘gas flare capture’ projects.

 

 The programme has already identified about 140 flare points that together flare above 1 Bscf/d. If those flared gas are captured; they could provide about 500,000 MT of Liquefied petroleum gas (LPG). Of these 140 flare points, 65% are onshore. 20 of the 91 onshore flare sites are large enough to sustain a 50MW gas turbine. It is expected that about $3.5bn would be invested in the NGFCP, which could remove about 20 million tons of CO2 emissions per year, generate 2.5GW of electricity, provide 600,000 MT of LPG per year, and create more than 300, 000 jobs. The programme would likely reduce the incidence of vandalism of oil and gas facilities in the Niger Delta, by improving the quality of life and by extension standards of living.

 

We are waiting for the program Directors to perfect a commercial modal that will provide essential claritty in evaluating the project yields and creating a financial model.

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