Shell says plan to cut flaring in Nigeria hurt by lack of government investment

|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden says the company's efforts to reduce natural gas burning in Nigeria are being hindered by a lack of funding from Shell's government partner in the venture.

Shell's Nigerian joint venture announced in 2012 a plan to invest $4B on oil and gas projects including gas gathering facilities to avoid flaring, one of the main causes of pollution in the country.

Shell's partner in Nigeria, the Nigerian National Petroleum Corp., has been criticized for mismanagement and a lack of transparency.