Skip to the content

WHAT WE DO

On behalf of the FGN, the NGFCP seeks to attract investments and develop a transparent market mechanism through a competitive procurement process for allocating gas flares.

At its core, the NGFCP will:

  • Develop a robust framework that balances project needs and oil and gas producer concerns;
  • Introduce a rigorous screening process and ensure that flare gas buyers meet the commercial and technical evaluation criteria to implement their flare down projects; 
  • Ensure oil and gas producers provide accurate flare site data; and 
  • Incentivise oil and gas producers, investors and government to support flare gas capture projects; and
  • Monitor and supervise all flare-out projects

To ensure the success of the NGFCP, we will: 

  • Demonstrate that the programme is not a threat to upstream producers’ businesses, but rather it is complementary; 
  • Identify and embed international best practices, policies and frameworks into Programme DNA; 
  • Design a robust programme that demonstrates strong business cases and consistency with the Paris Climate Agreement ;
  • Explore for third party funding through development banks, green climate funds, climate funds etc; and
  • Position the programme as a ‘win-win’ for all stakeholders.