82589 Global Gas Flaring Reduction Partnership Charter DISCLAIMER: The opinions expressed in this publication are entirely those of the interviewees and should not be attributed in any manner to the World Bank or its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. All rights reserved. 2011 NOTE: The GGFR Charter was adopted on September 28th, 2009, and was effective on April 26th, 2010, as amended. www.worldbank.org/ggfr Tab l e o f Contents A. Background........................................................1 B. Vision.................................................................1 C. Mission Statement..............................................1 D. Activities.............................................................2 E. Participation........................................................3 F. Participant Commitments....................................3 G. Funding..............................................................4 H. Organization and Governance.............................5 Steering Committee............................................5 Core Task Team...................................................7 Networks and Task Forces...................................8 I. Deliverables and Monitoring.............................10 J. Miscellaneous...................................................10 Seeking a World Free of Routine Gas Flaring and Venting “Reducing gas flaring is a major undertaking in the Nigerian oil and gas industry that requires significant effort and investment for gas gathering and market development. SPDC is committing about $6 billion towards gathering some 90% of flared gas. The GGFR has facilitated a collaborative effort to achieve results on the ground and is also empowering third party companies to utilize the small remaining flare volumes for Gas-to-Power and Gas-To-Liquid solutions. This is an approach we fully support.” Mutiu Sunmonu, Country Chair Shell Companies in Nigeria, and Managing Director, Shell Petroleum Development Company “The GGFR Partnership is helping us to promote associated gas as an opportunity rather than a liability. This is a crucial step to understand that valuing associated gas requires a change of mind, it means evolving from the age of oil to the age of gas.” Henri Ekoulé, Technical Manager, Africa, Total Exploration & Production 1 2 1 In the event GGFR continues beyond 2012, potential extensions of the Trust fund may be decided by the parties to it and additional funding requirements may be decided by the Steering Committee. 4 5 6 8