S T R E N G T H E N I N G M E T H A N E E M I S S I O N S R E D U C T I O N I N N I G E R I A’ S O I L A N D G A S S E C TO R 2 Introduction Reducing methane emissions is both a global climate imperative and a matter of urgent domestic importance for Nigeria. [...] S T R E N G T H E N I N G M E T H A N E E M I S S I O N S R E D U C T I O N I N N I G E R I A’ S O I L A N D G A S S E C TO R 5 Present state of methane emissions in Nigeria Economic harms Methane emissions pose a formidable challenge for Nigeria’s hydrocarbon-driven economy. [...] The NUPRC Fugitive Methane and Greenhouse Gas Emissions Guidelines and the Regulation on Gas Flaring, Venting, and Methane Emissions, 2023 do not require oil companies to disaggregate greenhouse gas emissions by type and quantity. [...] S T R E N G T H E N I N G M E T H A N E E M I S S I O N S R E D U C T I O N I N N I G E R I A’ S O I L A N D G A S S E C TO R 2 0 Recommendations for improving methane emissions reduction in Nigeria Looking ahead, the government, oil and gas companies, civil society, and international partners can all help Nigeria shrink its methane footprint. [...] Oil and gas companies should participate in independent data verication and disclosure initiatives, such as the new EITI requirements for greenhouse gas emissions and the NEITI audit process, to reduce the likelihood of data misrepresentation and shifts in investor and customer decisions due to heightened pressure from stakeholders.
Organizations mentioned
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- United States of America
Table of Contents
- Contents 2
- Introduction 2
- Present state of methane emissions in Nigeria 2
- Economic harms 2
- Environmental social and health-related harms 2
- Potential opportunities 2
- Nigerias methane emission mitigation measures to date 2
- Emission reduction targets for the oil and gas industry 2
- Global commitments and regulatory frameworks 2
- Monitoring reporting and verification MRV initiatives 2
- Challenges to methane emissions reduction 2
- Inaccurate data and insufficient transparency 2
- Opaque and disincentivized industry 2
- Untailored MRV tools and implementation challenges 2
- Regulatory gaps 2
- Socio-political complexity 2
- Recommendations for improving methane emissions reduction in Nigeria 2
- Federal Government of Nigeria 2
- Industry oil and gas companies 2
- Civil society organizations CSOs 2
- International partners 2
- Key messages 3
- Introduction 4
- Present state of methane emissions in Nigeria 7
- Economic harms 7
- Environmental social and health-related harms 8
- Potential opportunities 9
- Nigerias methane emission mitigation measures to date 11
- Emission reduction targets for the oil and gas industry 11
- Global commitments and regulatory frameworks 12
- Monitoring reporting and verification MRV initiatives 14
- Challenges to methane emissions reduction 15
- Inaccurate data and insufficient transparency 16
- Opaque and disincentivized industry 18
- Untailored MRV tools and implementation challenges 19
- Regulatory gaps 20
- Socio-political complexity 20
- Recommendations for improving methane emissions reduction in Nigeria 22
- Federal Government of Nigeria 22
- Industry oil and gas companies 23
- Civil society organizations CSOs 23
- International partners 24
- About NRGI 27