Nigeria pitches $2.2bn gas-capture opportunity at COP31

Nigeria’s upstream regulator has presented gas-flare capture as a potential $2.2 billion investment opportunity at the COP31 climate conference in Antalya, Turkey.

Premium Times reported on November 12 that NUPRC chief executive Oritsemeyiwa Eyesan outlined the proposal to investors. Sites under the Nigerian Gas Flare Commercialisation Programme could support projects using up to roughly 250 million standard cubic feet of gas a day, she said.

The proposal seeks to put gas currently burnt at oil fields into commercial use. The reported investment figure is an opportunity being promoted, rather than confirmation that $2.2 billion has already been committed.

The distinction is central to judging progress. Investor presentations establish the size of an ambition; financing agreements, construction and operating projects would demonstrate delivery.

For communities and businesses, the eventual value will depend on whether projects capture gas reliably and produce measurable improvements. The pitch brings renewed attention to implementation while flaring remains an unresolved issue.

Source: Premium Times.

Featured image: File photograph: Nigeria gas flares. Photo: NOAA / Wikimedia Commons, Public domain. Resized for display.