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LequteMan
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Following prevailing cases of gas flaring in the petroleum sector, Nigeria has commenced using a satellite tracking system to help it bring in more than $1bn yearly in fines for illegal gas flaring
Excerpt from Bloomberg:
Nigeria has started using a satellite tracking system to help it bring in more than $1 billion a year in fines it could charge for illegal gas flaring.
The new gas flare tracker is an online map showing data from a U.S. National Oceanographic and Atmospheric Administration satellite that will observe natural gas fires when orbiting over Nigeria. The measurements it records will feed into estimates of how much gas is burned, its carbon dioxide content, and its potential value.
“It has the ability to calculate the amount of unpaid fines owed by facility owners, estimated at $1.1 billion per year,” Environment Minister Laurentia Laraba Mallam said today at an event unveiling the system in the capital, Abuja. While it was outlawed in 1984, the burning of gas that occurs in oil deposits “is still a major cause of human and environmental issues across the country,” she said.
click here to read more
#Nigeria
Excerpt from Bloomberg:
Nigeria has started using a satellite tracking system to help it bring in more than $1 billion a year in fines it could charge for illegal gas flaring.
The new gas flare tracker is an online map showing data from a U.S. National Oceanographic and Atmospheric Administration satellite that will observe natural gas fires when orbiting over Nigeria. The measurements it records will feed into estimates of how much gas is burned, its carbon dioxide content, and its potential value.
“It has the ability to calculate the amount of unpaid fines owed by facility owners, estimated at $1.1 billion per year,” Environment Minister Laurentia Laraba Mallam said today at an event unveiling the system in the capital, Abuja. While it was outlawed in 1984, the burning of gas that occurs in oil deposits “is still a major cause of human and environmental issues across the country,” she said.
click here to read more
#Nigeria
