Flare Gas Allocations, Utilization and Pricing Procedures Updated

In an effort to improve national energy security, reduce greenhouse gas emissions and further optimize the utilization of flare gas produced during upstream oil-and-gas business activities, the Minister of Energy and Mineral Resources (“ Minister ”) has issued Regulation No. 30 of 2021 (“ Regulation 30/2021 ”), which updates the prevailing procedures for determinations of allocations, utilization and pricing for flare gas from upstream oil-and-gas business activities (“ Flare Gas ”). [1]