News
FG unveils 300mmscf facility in Delta to end gas flaring
After over 60 years of flaring gas from oil fields, the Federal Government on Thursday commissioned the 300 million standard cubic feet gas gathering facility in Kwale, Delta State.
The gas gathering hub, constructed by Nedogas Development Company Limited, in partnership with the Nigerian Content Development and Monitoring Board, was commissioned by the Minister of Petroleum Resources (Gas), Ekperipe Ekpo.
Our correspondent reports that the gas gathering hub was borne out of the stranded nature of the associated gas resources in OML 56 producer as there was no evacuation pipeline to link gas resources to the Nigeria gas pipeline network from which such gas could be monetised.
According to materials made available to our correspondent at the event, the project aimed at eradicating gas flaring and converting environmental pollutants into products of value.
The facility would contribute about $240m annually to Nigeria’s Gross Domestic Product within the first four years through trunk line tariffs, liquid product sales to off-takers and other infrastructural tariffs.
It will provide a proximal location for gas producers in the cluster to deliver their gas resources via pipeline connections with distances ranging from 3km of Ebendo to 21km of Matsogo.
Speaking, the Executive Secretary of the NCDMB, Felix Ogbe, said he was excited to be at the occasion, which he said answered some of the questions bugging the minds of many industry enthusiasts.
On whether Nigeria is serious about the flares out programme and delivering on the COP 26 commitments on reducing emissions, Ogbe answered in the affirmative, saying Nigeria, at COP 26, committed to achieving net zero by 2060.
According to him, the Kwale Gas Gathering facility project was designed to monetise natural gas from fields through gas gathering, compression, injection and metering infrastructure.
“The Kwale Gas Gathering facility is tied to the Nigerian Gas Infrastructure-owned 48-inch OB-3 gas trunkline. It allows companies in the area to end routine flares and gather and inject the gas for economic uses and to reduce flaring,” Ogbe explained.
The Chairman of Nedogas, Mr Emeka Ene, expressed satisfaction that the project was completed despite all initial odds.
While describing the facility as a modular project, Ene said it could be replicated in the over 100 gas flaring sites in the country.
Declaring the facility open for business, the gas minister called on others in the oil and gas industry to come up with new ideas and help in transforming flared gas into valuable products.
The PUNCH reports that Gas valued at $1.9bn was flared in Nigeria between 2020 and 2024, according to the Nigerian Gas Flare Tracker.
The Nigerian Gas Flare Tracker stated that during the period under review, 595.1 million standard cubic feet of gas were flared in Rivers, Delta, Imo, Edo, Akwa Ibom, Bayelsa, Anambra, Abia and Lagos States.
The World Bank describes gas flaring as the burning of natural gas associated with oil extraction.
News
Galatasaray technical director opens up on nature of Osimhen’s contract
Galatasaray technical director Okan Buruk has confirmed the presence of a clause in Napoli’s Victor Osimhen loan deal.
Buruk explains that the January clause in Victor Osimhen’s contract allows the player to explore opportunities with various interested clubs during the January transfer window.
This statement came during an interview on the official website of the Turkish champions, where Buruk discussed various topics related to the team.
During the interview, Buruk explained that Osimhen would like to stay at Galatasaray until the end of the season.
He noted that although there is a transfer clause in force, the player has expressed his intention to stay at the club, which he reiterated from the beginning of his arrival.
He stated, “Osimhen wants to stay here until the season is over and he has said this consistently. Although there is a clause regarding January transfers, ultimately it is the player’s decision and he feels committed to staying.”
Reflecting on how the club secured Osimhen’s services, Buruk shared: “I traveled to Milan when I had the chance. Because I lived there for three years, I feel comfortable there. We didn’t talk about football during my visit; instead, we enjoyed dinner together for two days, which helped foster a good relationship. After a match against Adana Demirspor, we had a video call at the airport to discuss the options, and after careful consultation with our transfer committee and the president, we completed the transfer.”
Osimhen joined Galatasaray on the final day of the summer transfer window after negotiations with Chelsea and Al Ahly failed to materialize. He quickly adapted to his new surroundings and made significant contributions with eight goals and four assists in just nine appearances in all competitions.
Eaglespath
News
Ondo: Gov Aiyedatiwa says he’s not aware of vote buying on his behalf
Ondo State Governor Lucky Aiyedatiwa has stated that he was not aware that his political associates bought votes on his behalf.
This is coming a few hours after he emerged victorious in all the 18 local government areas of the state.
According to report, the incumbent governor and candidate of the All Progressives Congress, APC, was accused of vote-buying after his victory in the November 16 election.
However, speaking in an interview with Channel TV on Sunday night, the governor noted that the oppositions are using the vote-buying allegation as an excuse for their loss.
“I’m not aware of such. The opposition will want to say that to make excuses for their failure, but for us, it is what we worked for; the people have spoken through their votes.
” There won’t be any reason to buy votes because Ondo people know what they want. I’m not aware of people buying votes on my behalf.”
News
Uncovered! World Bank exposes $32m missing funds in Nigeria’s water project
In Nigeria’s water project, the World Bank has discovered $32 million in undeclared payments.
The banks recently released their FY2024 Sanctions System Annual Report, which included this information.
According to the study, the lost monies were meant to improve Nigeria’s water infrastructure but were not properly accounted for, which led to an intervention to protect the project’s integrity.
“INT followed up on risks identified regarding a project in Nigeria’s water sector and flagged to operations the risk, which was associated with $32 million of unaccounted funds.”
The World Bank worked with the project team, which included the operations manager, financial management expert, and task team leader for Nigeria, in an effort to retrieve the money.
While $6 million is still in the project account to cover expected operating costs, the Central Bank of Nigeria has requested reimbursement of $22 million.
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