BRIEF

Nigeria Endorses 2030 Flaring Initiative; Raises Own Goal to 2020

August 18, 2016

Image

In a highly promising development, the Government of Nigeria has endorsed the global Initiative to end routine gas flaring by 2030 and to disallow routine flaring in new oil field developments from today onwards.

The Government has set an even more ambitious target. In a letter to the World Bank, Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, says “Nigeria fully supports the global initiative to eliminate routine flaring by 2030; however, we are strategically pursuing a National Target Date of 2020.”

Nigeria has already made substantial progress reducing gas flaring and the government remains focused on tackling climate change by further developing the country’s gas sector with updated laws and regulations. Proper development of the gas sector remains key to improving the country’s electricity sector, where today many gas-fired power plants lay idle for lack of gas availability.

The Bank-led Global Gas Flaring Reduction Partnership (GGFR) will continue supporting Nigeria’s Ministry of Petroleum Resources in its efforts to curb gas flaring. A regional gas competence seminar is being organized for later this year and GGFR continues to work with the Nigerian government to identify gas flaring reduction projects and to facilitate their implementation.

The “Zero Routine Flaring by 2030” initiative, introduced by the World Bank, brings together governments, oil companies, and development institutions who recognize the flaring situation described above is unsustainable from a resource management and environmental perspective, and who agree to cooperate to eliminate routine flaring no later than 2030.