Speaking during the International Conference on Hydrocarbon Science and Technology organised by the Petroleum Training Institute (PTI) the of NUPRC, the CE of NUPRC, Engr. Gbenga Komolafe said: “Through the NUPRC’s flare gas commercialisation initiatives, the nation is making steady progress toward the Federal Government’s goal of achieving complete flare-out by 2030.”
He was represented by the commission’s Executive Commissioner, Corporate Services & Administration, Dr Kelechi Onyekachi Ofoegbu.
He said Nigeria’s hydrocarbon future should not merely about how many barrels of oil produced or how much gas can be monetised.
According to him, it should be on how to govern the resources in ways that build trust, attract sustainable investment, uplift our people, safeguard the environment, and secure our rightful place in the global shift toward sustainable energy.
He added that across flare sites in Nigeria, gas that once burned wastefully into the sky is now being positioned for full utilisation to power homes, drive small industries, and provide clean cooking energy for millions.
He also said despite Africa having over 125 billion barrels of proven oil reserves and more than 620 trillion cubic feet of gas and Nigeria bestowed with.37.28 billion barrels of oil and 210.54 triion cubic feet of gas, yet more than 600 million people lack access to electricity.
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