NUPRC threatens revocation of idle flare gas permits
NUPRC warns companies risk losing their flare gas permits if they fail to develop awarded sites, as Nigeria pushes to end gas flaring by 2030. Read More: https://punchng.com/nuprc-threatens-revocation-of-idle-flare-gas-permits/
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke permits for flare gas commercialisation sites that fail to make substantial progress within a year. This warning was issued by the Commission's Chief Executive, Oritsemeyiwa Eyesan, during a visit to the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.
The NUPRC's move comes as Nigeria aims to end routine gas flaring by 2030 and convert flared gas into products and services that support power generation, industrialisation, and economic growth. As of now, 27 out of the 43 originally identified sites have been successfully awarded to investors, with implementation activities ongoing at these sites.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.