The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas (PAFG) to 28 successful companies under the Nigerian Gas Flare Commercialisation Programme (NGFCP), a move projected to attract about US$2 billion in investments and create over 100,000 jobs.
The development marks a significant shift in Nigeria’s upstream petroleum sector, transforming gas flaring from an environmental liability into an economic opportunity through market-driven solutions.
Speaking on the issuance of the permits, the Commission Chief Executive, Engr. Gbenga Komolafe, said the 2022 NGFCP reflects a deliberate transition from legacy challenges to commercially viable interventions that enhance energy security, reduce emissions and improve operational efficiency across the industry.
According to him, the programme is expected to deliver substantial environmental and economic benefits, including an annual reduction of about six million tonnes of carbon dioxide emissions.
Komolafe disclosed that a total of 49 flare sites were auctioned under the programme, with 42 bidders emerging as awardees. He added that between 250 and 300 million standard cubic feet per day (mmscfd) of gas currently being flared would be captured and commercialised.
“This will eliminate approximately six million tonnes of carbon dioxide (CO₂) annually, while catalysing significant investments and job creation across the gas value chain,” he said.
The NGFCP is a key component of Nigeria’s broader strategy to monetise gas resources, curb routine flaring, and align the petroleum sector with global energy transition and climate objectives.
