Zero Gas Flaring, A Realistic Panacea For Robust Socio

Gas plays a major role in the economic development and energy security of any oil and gas producing nation. The current world gas reserve stands at 5302TCF while Nigeria gas reserve stands at about 187tcf (about 3.5% of global gas reserve) consisting of 98 TCF of Associated Gas (AG) and 89 TCF of Non Associated Gas (NAG) (Ebogah, 2006). With more dedicated exploration for gas, Nigeria ranking of being 9 will definitely move up on the ladder, most likely closely follo about 900 billion cubic feet (BCF) of gas yearly. In this work, we propose a reform model on how to stop gas flaring and make available more gas for power generation; earn substantial revenue from gas sal feedstock for fertilizer, aluminum and steel companies; eliminate environmental degradation occasioned by flaring and in turn reduce emission of gases which are Kyoto Protocol and a member of the World Bank (GGFR). With these initiatives, there will be massive job creation and generation of additional revenue to the tune of about $10bn annually, the amount of roads and education.