There is now broad acceptance that successful implementation of functioning gas-based industries will require private sector participation, and the Government's role should be limited to providing the appropriate commercial and regulatory frameworks to stimulate this. Regarded as one of the best in the world, Nigeria's Natural Gas is low in Hydrogen Sulphide (H2S) and Carbon Dioxide (CO2) impurities. Despite this advantage gas flaring (estimated at nearly $2million/day), constitutes, to date, a phenomenal wastage in Nigeria's resources. However considerable successes have been recorded in reducing flaring and new initiatives are planned to achieve zero routine flaring.