It will be recalled that in July 2018, the Federal Government of Nigeria (the “FGN”) introduced the Flare Gas Reduction (Prevention of Waste and Pollution) Regulations, 2018 (the “Regulations”) in its bid to achieve the twin objectives of spurring investments in the gas sector and addressing the environmental impact of gas flaring.
Please click on this link (http://www.acas-law.com/storage/app/public/publication/Newsletter%20on%20the%20Flare%20Gas%20(Prevention%20of%20Waste%20and%20Pollution)%20Regulation%202018%20._.pdf) to read our newsletter on the Regulations.
It appears that plans are proceeding for the early implementation of the Regulations. As reported by Africa Oil + Gas Report on 16 November 2018, the Department of Petroleum Resources is awaiting the signal of the President (who is also the Minister of Petroleum Resources) and the Minister of State for Petroleum Resources to commence the process of conducting a bid round for some of the flare gas sites.
The early implementation of the Regulations would no doubt be a welcome development. It would act as a confirmation of the FGN’s commitment to meet its stated 2020 national flare-out target, a key mandate of the Nigerian Gas Flare Commercialization Programme.
Source: Africa Oil + Gas Report
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