root causes of gas flaring and provide recommendations to put an end to this environmental and economic menace.
Urgent Need to Address Environmental and Economic Impacts
The probe acknowledges the urgent need to understand and mitigate the adverse environmental, social, and economic impacts caused by gas flaring. It is estimated that Nigeria loses about $2.5 billion annually due to this harmful practice, which contributes to climate change, environmental degradation, and waste of valuable energy resources.
Summoning Oil and Gas Companies
The House of Representatives committee invited several major oil and gas companies, including Total/Mobil, Total/Oando JV, Total Energies, Ardova PLC, Azman Oil and Gas Limited, and others, to appear before the committee and provide their full submissions on the issue. The committee aims to ensure a fair hearing and hold all involved parties accountable for addressing the problem of gas flaring.