FEDERAL GOVERNMENT OF NIGERIA SETS PRICE OF FLARED GAS FOR NGFCP INVESTORS

FEDERAL GOVERNMENT OF NIGERIA SETS PRICE OF FLARED GAS FOR NGFCP INVESTORS
April 23, 2019 Advocaat Law Practice

The Federal Government has disclosed that third-party investors in the Nigeria Gas Flare Commercialization Programme (NGFCP) would be given every one thousand standard cubic square feet of gas (scf) at $0.25 cent. Third party investors are expected to access and utilise the gas currently being discharged to flare stacks to convert same into Flare-Gas-to-Market-Products (FG-2-MP).