Nigeria to Spend $2.5 Billion/yr to End Gas Flaring
Tuesday, August 05, 2003
The Government of Nigeria has set the year 2008 as its target date to end all gas flaring in the country. To accomplish this, the government will spend as much as $2.5 billion per year. Rilwanu Lukman, presidential adviser on petroleum and energy said the government has earmarked five projects on which it plans to spend its budget for this year.
These, he said are the Offshore Gas Gathering project, the Nigeria Liquefied Natural Gas Trains 4, 5 and 6, Floating LNG Scheme and the West African Gas Project, and Trans-Sahara Gas Pipeline Project. Lukman said a number of other projects would contribute to meeting this target.
Other projects, such as the future LNG, gas-to-liquid, natural gas liquids/ liquefied petroleum gas, gas re-injection and the independent power projects would assist the country to achieve meet the planned deadline, he said.