W’Bank’s Study Confirms Marketability of Nigeria’s Flare Gas Plan

The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed that the programme will be profitable if implemented on certain premises.

Derefaka, explained in a recent presentation he made at the third edition of the ‘lawyers in oil and gas conference,’ in Lagos, that based on the market studies of the IFC, it was discovered that a realistic pricing range for flare gas to market (FG2M) would incentivise off-takers to participate in the project……..read more

Source: This Day