A Review of the Nigerian Energy Industry

Nigeria: Chevron to reduce gas flaring by 98% in 2015

Shell Gas Flare, Nigeria22 November 2014, Lagos – Chevron Nigeria Limited CNL is not left in the campaign to eliminate gas flaring in Nigeria as the management of the firm has rolled out plans to reduce gas flaring in its mining concession by 98 percent in 2015 from 60 per cent so far achieved .The Managing Director of the firm, Mr Clay Neff who revealed this in Lagos said that Nigeria has the capacity to transform from oil to oil and gas production within the next three years.

Mr Neff told Daily Independent in Lagos said that Chevron will complete existing gas projects under construction as well as make gas produced in deepwater viable and accessible to investors in the market.

According to him Chevron has increased gas produced from Escravos gas plant from 50million to 590 million Standard cubic feet that supply best quality product to Nigeria and other West Africa Nations of Ghana, Togo and Benin, embark on construction of Gas to liquid (EGTL ) . He added that Chevron will be involved in the construction of Funiwa LNG and Finiwa field as parts of the agenda to monetize gas resources in Nigeria .

Chevron boss explained that his company so far account for 450 million standard cubic feet of gas to domestic economy ,adding that te Federal Government through the current reforms in the petroleum industry will make gas available to all the end users in the country with conducive polices that will encourage investors to invest in the oil and gas sector.

Laying emphasis on Agura Power Plant located at Egbin in Lagos State, he said that Final Investment Decision (FID)on the project has not been taken by all the stakeholders, but added that approval has been given on Environmental Impact Assessment (EIA) on the project that involves government and other stakeholders.

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