By reducing fuels costs in transportation and power transportation and power generation sectors by over 30 per cent, Nigeria could save over 2.5 billion annually through the gas flare monetisation projects.
This was revealed by Mr Pulak Sen, the managing Director of Power gas Nigeria while speaking at a press briefing in Lagos.
Speaking on ‘Strategic Alliance for Flare Gas Recovery in Nigeria’ the Power gas boss noted that the company was committed to positively contributing to the efforts of governments at all levels to ensure a clean environment.
“We believe that Natural gas fired power generation emits up to five times less nitrogen oxides comparable to diesel generation and near-zero particulate matter. Today, Nigeria’s annual diesel importation is the same as the natural gas being flared,” Sen said.
“Powergas has long been promoting natural gas as a preferable substitute to conventional liquid fuels. Being cleaner and cheaper than petrol or diesel, natural gas offers both financial savings and environmental benefits. Powergas’ partners with Cummins Power Generation Nigeria who are also championing for cleaner gas fired power generation. Cummins lean burn gas generators meet emission criteria in even the most environmentally sensitive areas including California, USA,” Sen said.