Nigeria seeks $2.2 billion to capture flared gas at COP31
By the AFREEQUE newsroom, based on Premium Times
Nigeria presents a $2.2 billion plan at COP31 to capture and sell flared gas to investors as flaring persists. The state oil company chief outlined the offer to summit participants, according to Premium Times.
Nigeria is seeking to mobilise $2.2 billion in investment for projects linked to emissions reduction, the commercialisation of flared gas and carbon capture, Oritsemeyiwa Eyesan, director general of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said at COP31 in Antalya. The flare sites selected under the Nigerian Gas Flare Commercialisation Programme could supply projects using around 250 million standard cubic feet of gas per day, she said.
