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Reps to probe $680m unpaid gas flaring penalties


Presenting the motion, the lawmaker said the anomaly in flared volume reportage by the Nigeria Government has caused an outcry from civil society organisations.
He said, the Nigeria Media and the Coalition Against Gas Flare (CAGAF) an umbrella organ of CSOs in the gas flare ecosystem is also raising public awareness on the matter.
According to him, Nigeria gazetted the Flare Gas (Prevention of Waste and Pollution) Regulations 2018 to reduce and eliminate gas flare in the country through monetization and investment in the gas flare ecosystem.
He said after the penalty regime started, the gas flare volumes reported by Nigeria was drastically reduced for 2018 and 2019 and created a huge discrepancy between the gas flared volumes reported by the National Oil Spill Detection and Response Agency (NOSDRA) Gas Flare Tracker (GFT) which is satellite-based and the volumes declared by the Federal Government of Nigeria for the period. ....

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PIB will address Production Sharing Contracts issues on gas — Sylva


PIB will address Production Sharing Contracts issues on gas Sylva
On
Mr. Timipre Sylva, Minister of State, Petroleum Resources.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.
Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja.
The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” ....

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