Nigeria Pitches $2.2 Billion Flare Gas Plan to COP31 Investors

What changed

Nigeria is pitching a $2.2 billion investment plan for flare gas at COP31. Oritsemeyiwa Eyesan, chief executive of the Nigerian Upstream Petroleum Regulatory Commission, said sites in the Gas Flare Commercialisation Programme could support projects using about 250 million standard cubic feet of gas daily.

Why it matters

The proposal puts a commercial value on gas that is still being flared. If investors commit money and projects are financed, those sites could become sources of usable gas rather than simply places where it is burned off.

For now, the distance between a pitch and a working project is the important part of the story. No investor commitments, financing arrangements, implementation dates or emissions reductions have been confirmed. The next meaningful test is whether Nigeria can turn the stated capacity into funded projects with clear delivery plans.