Four months of gas flaring cost Nigeria N150 billion – NOSDRA

Date:

Share post:

Between January and April 2023, oil and gas firms doing business in Nigeria flared 92.3 million standard cubic feet of gas, or mscf, estimated to be worth N150.8 billion.

A recent report from the National Oil Spill Detection and Response Agency (NOSDRA) included the statistic.

In comparison to the 50.3mscf of gas flared in 2022, it represents an increase of 79.5%.

The oil-producing companies in charge of this flaring are thus anticipated to pay fines of $184.6 million (equal to N85.7 billion) for violating the regulations against gas flaring over the course of four months.

The research also said that the amount of gas flared over the course of four months emitted 4.9 million tonnes of carbon dioxide and had a 9,200 gigawatt-hour potential for power generation.

According to the study, monthly gas flared amounts were 23.2 mscf, 27.1 mscf, 25.9 mscf, and 16.1 mscf in January, February, March, and April, respectively.

10 COMMENTS

  1. I was curious if you ever thought of changing the layout of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two pictures. Maybe you could space it out better?

  2. I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. Personally, if all website owners and bloggers made good content as you did, the internet will be much more useful than ever before.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Eight arrested for alleged murder, burial of newborn in Maiduguri

Eight suspects have been arrested in connection with the alleged killing and secret burial of a newborn baby...

Nigerian Army gets first female spokesperson

The Nigerian Army has appointed Lieutenant Colonel Appolonia Anaele as its first-ever female spokesperson, marking a significant milestone...

Gov Zulum Empowered 150 Almajiri with vocational training and start up tools

Borno State Governor, Prof. Babagana Umara Zulum, has empowered 150 almajirai with startup tools and financial support following...

Yobe Sponsors 127 Law Graduates, Donates Laptops

Gov. Mai Mala Buni of Yobe has presented tuition fees and laptops to 127 law graduates from the...