The Chief Executive of Nigeria’s petroleum regulator, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), announced in a statement that 139 companies have been shortlisted for the next phase of the nation’s commercialisation programme for gas flaring as part of efforts to minimise carbon emissions.
The commercialisation of gas burned from Nigeria’s oil fields is planned, according to the country’s state minister for petroleum resources, and it would help reduce 15 million tonnes of carbon emissions from the atmosphere.
Out of the 300 companies that applied, 139 were shortlisted, according to Gbenga Komolafe, Chief Executive of NUPRC, in a statement issued on Tuesday. These companies will move on to the programme’s next round.
He did not specify when the subsequent phase would start.
Nigeria, the largest economy in Africa, has been attempting to capture the gas gushing from its oil reserves for export or use in power generation but has been constrained by a lack of funding.
