INDUSTRY NEWS
Nigerian Government to
Conduct a Bid Round for
Flare Gas
10
President Muhammadu Buhari has signed a new legal
framework on flare gas reduction, the implementation
of which is expected to lead to a government takeover
of fields where flaring is taking place and conduct a bid
round of some of such fields.
The Flare Gas Reduction (Prevention of Waste and Pollu-
tion) Regulation 2018, signed in early July 2018, is cur-
rently being gazetted. The document seeks the reduction
of environmental/social impact caused by the flaring of
gas; protection of the environment; prevention of waste
of natural resources and creation of social and economic
benefits from flare gas capture.