The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas (PAFG) to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a pivotal shift from environmental liability to economic opportunity in Nigeria’s upstream petroleum sector.
The Commission Chief Executive (CCE), Engineer Gbenga Komolafe, said the issuance of the Permit to Access Flare Gas (PAFG) under the 2022 NGFCP signifies the transition from legacy challenges to market-driven solutions that unlock economic opportunities, strengthen energy security, reduce emissions and improve operational efficiency across the industry.
On the benefits of the award, Komolafe said the programme is expected to reduce carbon dioxide by six million tonnes yearly, attract US$2 billion in investments, and create over 100,000 jobs.
While stating that the NGFCP was redesigned after the enactment of the Petroleum Industry Act (PIA) for transparency, commercial viability and global competitiveness, the NUPRC boss said the award was in sync with President Bola Tinubu’s vision to harness Nigeria’s hydrocarbon resources as contained in the Executive Orders issued in 2024.
Komolafe said, “A total of 49 flare sites have been auctioned. Forty-two (42) bidders have been awarded the sites. Between 250 and 300 mmscfd of currently flared gas will be captured and commercialised, eliminating approximately six (6) million tonnes of carbon dioxide (CO₂) annually.
“The Commission is pleased to announce that 28 awardees have fully executed the required suite of commercial agreements, which include the Connection Agreements, Milestone Development Agreements and Gas Sales Agreements; and now qualify to receive the Permit to Access Flare Gas.
He added, “These entities represent a strong blend of operational capability, financial readiness, and technological competence. To all our flare site awardees soon to become Permit Holders, I offer warm congratulations.
“The programme is expected to attract up to $2 billion in investment. More than 100,000 direct and indirect jobs will be created. About 170,000 metric tons of LPG will be produced annually, enabling clean energy access for approximately 1.4 million households. And nearly 3GW of power generation potential will be unlocked.”
Also, the Head of Media and Strategic Communications at NUPRC, Eniola Akinkuotu, in a statement said the Commission awarded the permits to the winners at the official ceremony held in Abuja.
The successful companies are Dawcon Consortium, Dawnwatch Limited, Fargab Limited, Folstaj International Limited, Geospectra Energy Limited, Izzi Project Limited, MMLet Energy Limited, Ace Energy Limited, Afagaf Company Limited and AGH Lero, Almina Resources Limited, Amazon Energy Limited, AUT Energy, Beluga Asiko, Bodej Investment Limited, Cainergy Limited and Cimcmonobuo Nigeria Limited.
Others are MSN Consortium; Newgaz Integrated Services Limited, NG Lyon Construction Limited, Oaks Cluster Energy, Seal Energy Limited, Tecnis EPS International Limited, Teobell International, Terms Energies, Zipora Gas and Stelog Gas Company Limited.
SOURCE: tribuneonlineng.com
