Despite Missing 2020 Deadline Nigeria's Gas Flare Rate Decreases Steadily
Nigeria’s ambitious objective of commercialising gas flares from the country’s over a hundred flare sites appears to be yielding positive outcomes, despite missing the 2020 deadline to end all flares.
The Nigerian National Petroleum Corporation’s (NNPC) Financial and Operations Report for June, the latest, shows that gas flare dropped by 138.79 million standard cubic feet per day (mmscfd) year-on-year. This represents a 22.69 percent decrease year-on-year. The report shows 472.94 mmscfd of gas was flared in June compared to 611.73 mmscfd in June 2019. This represented 7.84 percent and 6.11 percent gas flare rates respectively.
Gas flare rate was 6.50 percent for May, that is, 486.19 mmscfd compared with average gas flare rate of 8.05 percent, that is, 626.24 mmscfd for the period May 2019 to...for further reading, click on https://businessday.ng/energy/oilandgas/article/despite-missing-2020-deadline-nigerias-gas-flare-rate-decreases-steadily/
Source: BusinessDay Newspaper Sept 8, 2020.