The country’s quest to ensure effective gas utilisation received a major boost with the announcement that the gas utilisation project at the Ovade-Ogharafe oil field in Delta State has been successfully registered under the United Nations (UN) Clean Development Mechanism (CDM) of the Kyoto Protocol, The Guardian reports.
The project is designed to reduce greenhouse gas emission by more than two million tons of carbon dioxide annually. The CDM allows for greenhouse gas emission reduction from projects in developing countries to be registered, and monitored under the UN so that these reductions can be sold to developed countries that have emission limits.
The Chairman, Pan Ocean Oil Corporation, an indigenous oil and gas company, and operator of the project, Festus Fadeyi, said it is the largest CDM project in Africa, and when at full capacity will provide 135 million standard cubic feet per day for electricity. He said that this gas, which otherwise would have been flared, will be sold to developed countries to generate revenue for Nigeria.