#Country Updates #News #Nigeria #Upstream Oil & Gas News

Nigeria wastes 91 billion scf of gas to flaring in 5 months

Nigeria wastes 91 billion scf of gas to flaring in 5 months

Despite the federal government gas commercialisation initiative targeted at eradicating gas flaring by 2020, statistics showed that approximately 91 billion standard cubit feet, scf of gas was still lost to the menace in five months.

Data from the state oil firm, Nigerian National Petroleum Corporation, NNPC, revealed that both the federal government and oil companies operating in-country flared 90.9 billion scf from January to May 2020.

A breakdown showed that
19.95 billion scf of gas in January; 18.27 billion scf in February; 19.71 billion scf in March; 17.90 billion scf in April, and 15.07 billion scf in May were flared.

While Nigeria targets to end gas flaring in 2020, statistics from NNPC’s full monthly financial and operational report for April 2020- under the ‘Natural Gas Off take, Commercialization & Utilization’ puts the country’s gas flare rate at 7.9 percent.

click on the link below for further information

Source: SweetCrudeReports

Leave a comment

Your email address will not be published. Required fields are marked *