Monetisation of Gas Flare to Drives Nigeria Towards Climate Neutrality

Nigeria LNG, a liquefied natural gas-producing company, said monetizing over 60% of flared gas through its various liquefied natural gas plant will drive Nigeria on the path to achieving climate neutrality, which is the country’s energy transition goal.

Climate neutrality is referred to as net zero greenhouse gas emissions.

According to the firm, energy transition, just like Rome, doesn’t happen overnight, adding that a step-by-step process of taking out dirty fuels and flare reduction is the right path to achieving transition goals.

NLNG’s Managing Director, Philip Mshelbia, stated that in a country with huge energy deposit, the reduction of carbon starts by building cleaner alternative energy sources for a population that majorly depend on dirty fuels.

According to Philip, monetizing gas will help Nigeria reduce flares, provide thought leadership on the “Decade of Gas” agenda, generate funds for investment in essential infrastructures and enhance the well-being of the citizens.

Investors King had previously reported that Dr. Zainab Gobir, who represented the Executive Director, Economic Regulations and Strategic Planning, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said different initiatives and plans are in place to facilitate the shift to a gas-based economy including the declaration of the ‘Decade of Gas’, to foster economic growth and industrialization driven by gas.

Speaking at this year’s ongoing GASTECH event in Milan, Italy, Philip revealed that in line with NLNG’s objective, the company was equally determined to supply 100 percent of its Liquefied Petroleum Gas (LPG) output to the domestic market to drive the growth of LPG utilization in the country and help decrease the health, safety and environmental risks attributed with the use of other domestic fuel sources.

He further stated that through the supply of LPG, NLNG prioritized the supply of clean energy in Nigeria, while working hand in hand with the government to heighten LPG consumption as part of national journey to a clean energy future.

“We also expanded our capability in running our plants to generate electricity. We generate over 300MW of electricity to power our community on the Island from where we operate,” he added.