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

65% of Nigerian families lack money for healthy food — NBS Survey

A recent survey conducted by the National Bureau of Statistics, NBS, revealed that two-thirds of households in Nigeria...

Troops foil bandit attack, recover weapons in Taraba

Troops of the 93 Battalion of the Nigerian Army’s 3 Division, Operation SAFE HAVEN, have repelled a bandit...

FCT: Wike demolishing communities to allocate lands to friends – VeryDarkMan

Social critic, Martins Ortse aka VeryDarkMan, has accused the Minister of the Federal Capital territory, FCT, Nyesom Wike,...

College of Education Zing holds combine Convocation as 19,700 graduate 

The Taraba State college of Education Zing held a combined convocation ceremony, graduated 19700 graduands after twenty years. Speaking...