
Ibe Kachikwu, Nigeria’s petroleum minister, has said he may revoke the operating licences of companies that fail to stop flaring gas from 2019. However, the minister’s threats are unlikely to bring about change until meaningful fiscal incentives for the commercialisation of associated resources are introduced.
Kachikwu’s comments, which he made during a Gas Aggregation Company of Nigeria forum last week, echo recent directives that will toughen up the penalties for flaring. Nigerian President Muhammadu Buhari signed into law the Flare Gas (Prevention of Waste and Pollution)...
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