{"id":45130,"date":"2026-09-10T09:25:42","date_gmt":"2026-09-10T07:25:42","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45130"},"modified":"2026-09-10T11:29:45","modified_gmt":"2026-09-10T09:29:45","slug":"nigeria-warns-flare-gas-investors-they-could-lose-permits","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigeria-warns-flare-gas-investors-they-could-lose-permits\/","title":{"rendered":"Nigeria warns flare-gas investors they could lose permits"},"content":{"rendered":"<div><span style=\"font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Nigeria&#8217;s upstream oil regulator has warned investors developing projects at gas-flaring sites that they risk losing \u200btheir permits if progress stalls, signalling a tougher \u200cpush to end routine flaring by 2030.<\/span><\/div>\n<div dir=\"ltr\"><\/div>\n<div>The Nigerian Upstream Petroleum Regulatory Commission said it reviews awarded sites after one year \u200band could revoke permits where progress is inadequate.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<div>&#8220;One \u200byear after an award has been granted, the \u2060Commission conducts an evaluation to determine whether there has \u200bbeen considerable progress,&#8221; NUPRC Chief Executive Oritsemeyiwa Eyesan said \u200bduring a briefing with the Minister of State for Petroleum Resources, Ekperikpe Ekpo.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8220;Where there is insufficient progress, the Commission will take appropriate \u200bregulatory action, including revocation of the award where \u200bnecessary,&#8221; she added.<br \/>\nNigeria is accelerating the Nigerian Gas Flare Commercialisation Programme (NGFCP), \u200can \u2060initiative designed to capture and commercialise gas that would otherwise be burned off at oil production sites, reducing emissions while generating economic value.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Eyesan said 27 of the 43 \u200bgas-flaring sites \u200bidentified under the \u2060programme had been awarded to investors, with project development under way.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Nigeria holds more \u200bthan 215 trillion cubic feet of proven gas \u200breserves, \u2060among the largest globally, and sees gas as a key transition fuel for power generation and industrial growth.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Eyesan said \u2060stronger \u200benforcement would ensure awarded projects \u200btranslate into investments, jobs and emissions reductions rather than remain dormant assets.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":36273,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45130","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Nigeria holds more \u200bthan 215 trillion cubic feet of proven gas \u200breserves.","published_date":"","news_description":"Nigeria holds more \u200bthan 215 trillion cubic feet of proven gas \u200breserves.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45130\/revisions"}],"predecessor-version":[{"id":45132,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45130\/revisions\/45132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/36273"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=45130"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}