In terms of power, gas flaring has cost the country 3,500 MW (megawatt) of electricity as at 2015 according to the Department of Petroleum Resources.
Firstly, government’s attitude towards this colossal wastage has to change through implementing viable policies and regulatory infrastructure. This will act as a driver to ensure companies operating in the sector put up the necessary infrastructure to reduce and, eventually, eliminate gas flaring.
Secondly, the country needs more private sector companies to seize opportunity with gas flare by investing in the gas infrastructure towards converting flare gas to usable fuel for either gas fired power plant or transportation.
As a power company, Geogrid Energy Company recognizes such opportunity and willing to enter into an MOU with such innovative companies in electrifying Nigeria and beyond.