Tag
GAS FLARING
Nigeria National Petroleum Corporation (NNPC) Limited alongside French energy major, TotalEnergies, will invest a swooping sum of $550 million to develop gas facilities in oil-rich Rivers State.
In its Oil and Gas Industry in Net Zero Transitions report released on November 23, the International Energy Agency (IEA) highlighted the fact that although Nigeria has made substantial efforts to reduce flaring intensity, its efforts have remained broadly constant since 2015.
The International Energy Agency (IEA) has said that Nigeria plans to end gas flaring by 2030 and slash methane emissions to 60% by 2031.
Based on the data extracted from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, oil and gas companies in the country flared 138.7million metric standard cubic feet of gas in H1 2023.
Federal Government has launched Gas Flare Commercialisation Programme in an effort to end flaring in Nigeria by 2025.
NOSDRA has disclosed that oil and gas companies in the country flared 126bn standard cubic feet (SCF) of gas in the first half of the year (H1 2022).
French oil giant, TotalEnergies, said that has successfully reduced gas flaring in its operations in Nigeria by 75%...
The continued release of greenhouse gas, as scientifically proven overtime, has dire consequences for the natural ecosystem.
Nigeria and 6 others have been listed by the World Bank as top gas flaring countries in the world in the past decade.
World Bank’s Global Gas Flaring Reduction Partnership (GGFRP) ranks Nigeria as the 6th largest gas flaring country globally.
Increased processing and exportation of Liquefied Natural Gas (LNG) dropped Nigeria’s global gas flaring profile by 40% in 20 years.
A senator stated yesterday during plenary that according to NNPC, Nigeria lost N197 billion in revenue to gas flaring last year.