Dr Maikanti Baru, the Group Managing Director of NNPC, made the commendation when he visited NPDC, its upstream subsidiary on Wednesday, a statement released by the Corporation, on Thursday in Abuja said.
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This target was announced in Abuja on Thursday by the NNPC Group Managing Director, Dr. Maikanti Baru, in a statement by Ndu Ughamadu, the corporation’s spokesman
“The current gas flare penalty of N10 per 1,000scf is too low, and not in line with current economic realities and encourages continuous gas flaring by operators with its attendant negative effect on our environment instead of encouraging investment in infrastructure by the operators to make gas available for our domestic use.”
NNPC, in a statement in Abuja on Sunday by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, said the shortfall affected both NPDC and Joint Venture partners