Plans to commercialise gas burned from oil fields in Nigeria are at an advanced stage, according to Petroleum Minister Timipre Slyva.
The initiative is set to cut 15 million metric tons of carbon emissions from the atmosphere. While Slyva did not provide any further details, Nigeria has been trying to harness the gas belching from its oil fields so it can be exported or used to generate power. The plans have, however, been deterred by a lack of finance. Nigeria has previously said it could be losing US$1bn in revenue each year due to flaring, which also adds to extreme environmental pollution in the oil-producing Niger Delta.