…About 139 applicants to harness 48 gas flare sites
…NUPRC projects billion dollar investment, revenue from exercise
About seven years after the Muhammadu Buhari led administration commenced Nigerian Gas Flare Commercialisation Programme (NGFCP), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday moved to award 48 licenses to investors.
Coming at a time of energy crisis and transition and on the backdrop of government’s decade of gas policy, the development seeks to tame decades of gas flaring in the oil producing region and enable the federation to generate billions of dollar in investment and signature bonuses, chairman of NUPRC, Gbenga Komolafe said.
