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Nigeria, Others Losing $82bn To Gas Flaring Annually

Nigeria, Others Losing $82bn To Gas Flaring Annually           By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report. The...

Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC

Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC       Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies...

Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank

Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank       The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of global gas flaring. It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’. The...

Reps Query FG, Agency Reports On Gas Flaring

Reps Query FG, Agency Reports On Gas Flaring     The House of Representatives has resolved to investigate the amount of gas so far flared in Nigeria to address the discrepancies in the figures being released by both government and oil companies. At the plenary on Thursday, the...

Reps Condemn $750m Yearly Loss To Gas Flaring

Reps Condemn $750m Yearly Loss To Gas Flaring       The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country. The Federal Government has, however, said it is committed...

Gas Flaring: Nigeria Loses N189.90bn In 11 Months

Gas Flaring: Nigeria Loses N189.90bn In 11 Months       Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total of 178.95 billion standard cubic feet of natural gas. The oil companies wasted 19.95 billion scf of gas...