Money Talks: Why Nigeria's Petroleum Industry Bill will Fail to End Gas Flaring

Abstract

Nigeria is ranked second in the world for the amount of natural gas flared as part of the oil drilling process. Not only does flaring have a significant environmental impact on Nigeria and the world, but it also results in US $2.5 billion in lost revenue if the gas could be captured. As of October 2012, Nigeria is debating a new Petroleum Industry Bill (PIB) that, if enacted, would ban gas flaring. However, as currently written, the PIB will not end flaring for the same reasons that previous legislation failed. Loopholes in the PIB combined with corruption, lack of effective enforcement mechanisms, and a lack of incentives to develop the natural gas infrastructure and market will result in its failure.

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Document Details

Document Type
Technical Report
Publication Date
Nov 02, 2012
Accession Number
ADA570336

Entities

People

  • Kenneth T. Royar

Organizations

  • Naval War College

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Best Practices
  • Carbon Dioxide
  • Climate Change
  • Drilling
  • Economic Development
  • Environment
  • Environmental Protection
  • Human Rights
  • Infrastructure
  • Law
  • Military Operations
  • Money
  • Natural Gas
  • Petroleum
  • Petroleum Industry
  • United States
  • War Colleges

Readers

  • Economics
  • International Relations, focusing on Korea-Africa and North Korea-South Korea relations, and Nigeria-Latin American Relations.
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