Environment

Nigeria loses billions of dollars to error in gas flaring law

...Government is approaching lawmakers to amend energy law
 
Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Minister of Finance, Kemi Adeosun has said.
 
In the “legal framework for the gas-flaring penalty, it was drafted as a charge. A charge is tax deductible,” Adeosun said in a Jan. 23 interview. “So, what do the international oil companies do? They flare, they pay the charge on which they get tax relief. That’s just bad drafting.”

Bunker industry faces crunch point over IMO sulfur move

The global bunker industry looks set for a pivotal year in 2018 as buyers and sellers come under increasing pressure to decide how to respond to impending emissions limit cuts.
 
The International Maritime Organization is due to cut the global bunker fuel sulfur limit to 0.5% at the start of 2020 from 3.5%, forcing shipowners either to switch to using cleaner, more expensive fuels, install equipment to clean their emissions, or ignore the new rules and hope not to get caught.
 

Natural Gas: A bridge to the future of energy

One thing the world has now in abundant supply is natural gas -- liquefied natural gas in particular. To increase demand, producers want to put the fuel into cars, trucks and ships that currently use gasoline, diesel or fuel oil, which are dirtier and cost more. If natural gas catches on, look for it first in fleets of small trucks, cars and buses from China to Italy, as well as in giant ocean-going vessels.
 

‘Why Nigeria needs to switch from dirty fuels’-- Yakubu

Cleaner fuels will reduce the negative impact of bad cooking fuels on the environment and the people. Cooking with cleaner fuels like Liquefied Petroleum Gas (LPG) will reduce the chances of inhaling dirty fuels, which in turn, has a beneficial ripple effect on the health, finances, and family, said the Managing Director, Banner Energy Limited, Nuhu Yakubu, recently in Lagos.

The clean energy revolution

THE issue of climate change did not get so serious in the past, like it is now all over the world. Nigeria is a big part of the climate change mitigation campaign. The idea of clean energy is not new to Nigeria. However, we have not made any serious, ambitious decision to exploit the many great benefits that are in the use of clean, renewable energy, even though Nigeria is a signatory to the Kyoto’s protocol, as well as a founding member of the Climate and Clean Air Coalition.  
 

Power Grid Collapse: Baru orders assessment of damage to Escravos-Lagos Gas Pipeline

Following a fire incident on the Escravos to Lagos Pipeline (ELP), a natural gas pipeline which supplies gas from Escravos region of the Niger Delta area to Lagos, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has ordered an immediate assessment of the damage and has ordered immediate restoration of line.
 
The pipeline also supplies gas to power plants in the South West, in addition to feeding the West Africa Gas Pipeline System.
 

Reps urge DPR to enforce gas metreage as FG discovers 178 gas flare sites

The House of Representatives Adhoc Committee investigating revenue leakages in Nigeria’s oil and gas industry has urged the Department of Petroleum Resources, DPR to compel oil companies to install meters targeted at harnessing associated gas for positive applications in the nation.
 
The Committee disclosed that massive gas flaring was still ongoing in many parts of the Niger Delta, adding that the development has culminated in the huge loss of revenue.
 

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