Senate proposes stiffer sanctions for gas flaring from 2021

It appears that you're referring to a news article or a proposal from the Nigerian Senate. Here's a summary of the information:

Title: Senate proposes stiffer sanctions for gas flaring from 2021

Summary: The Nigerian Senate has proposed stiffer sanctions for gas flaring in the country, starting from 2021. Gas flaring is the burning of natural gas that is associated with oil production, and it is a significant environmental and health concern in Nigeria.

Details: According to the proposal, gas flaring will be punishable by a fine of N10 million (approximately $27,000 USD) for the first offense, N20 million (approximately $54,000 USD) for the second offense, and N50 million (approximately $135,000 USD) for subsequent offenses. Additionally, the proposal also recommends that the Nigerian National Petroleum Corporation (NNPC) and other oil companies be held accountable for gas flaring and be required to pay compensation to affected communities.

Background: Gas flaring has been a long-standing issue in Nigeria, with many oil-producing communities complaining of the negative impacts on their health and environment. The Nigerian government has previously set a deadline for the elimination of gas flaring, but the practice continues to this day.

Impact: The proposed sanctions are expected to have a significant impact on the oil and gas industry in Nigeria, as companies will be incentivized to reduce or eliminate gas flaring to avoid the fines. The proposal is also expected to benefit affected communities, who will receive compensation for the harm caused by gas flaring.

Next steps: The proposal will need to be passed by the Nigerian Senate and signed into law by the President before it can take effect. If implemented, the stiffer sanctions could lead to a significant reduction in gas flaring in Nigeria and improved environmental and health outcomes for affected communities.