Oil Companies Oppose FG- Nigeria.

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Oil and gas companies have committed to gas flare reduction in Nigeria. Some of them opposed the enforcement of penalties for gas flaring as contained in the Petroleum Industry Act 2021.

During a session at the ongoing 2022 Nigeria Oil and Gas conference in Abuja, the Managing Director; TotalEnergies Exploration and Production Nigeria Limited, Mike Sangster, said efforts by operators were being increase. This will help to reduce carbon emissions from gas flaring.

The TotalEnergies boss stated that oil firms should move towards more gas production; for the indigenous market and for export.
Ude said, “The government has declared the decade of gas and gas is a transition fuel.

This, he said, was provided under Sections 52 (7d), 104 (4) of the Petroleum Industry Act.
Komolafe said the whole intent of the Act was to ensure that the commission was fully equip statutorily. Which will enable it to discharge on its mandates.
It is gratifying that the commission has effectively been deploying its statutory powers within the PIA environment to ensure an effective and predictable regulatory environment in the sector,” the NUPRC boss stated.

-Punch.

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