NUPRC threatens sanctions for undeveloped flare gas sites
The NUPRC has threatened sanctions, including permit revocation, for undeveloped flare gas sites as Nigeria pushes to end gas flaring by 2030. Read More: https://punchng.com/nuprc-threatens-sanctions-for-undeveloped-flare-gas-sites/
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that companies awarded flare gas commercialisation sites risk losing their permits if they fail to make substantial progress in developing the assets. According to the NUPRC, this warning comes as Nigeria intensifies efforts to end routine gas flaring by 2030.
The Commission will evaluate the progress of awarded sites one year after the award has been granted. Where there is insufficient progress, the Commission will take regulatory action, including revocation of the award.
The NUPRC's threat of sanctions, including permit revocation, aims to ensure that flare gas sites are utilised to convert gas into products and services capable of supporting power generation, industrialisation, and economic growth.
Brief written by urgent.news from Punch Nigeria, Premium Times, Punch — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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