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Between January and April 2023, oil and gas companies doing business in Nigeria flared 92.3 million standard cubic feet of gas, 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 therefore anticipated to pay fines of $184.6 million (equal to N85.7 billion) for violating the laws against gas flaring over the course of four months.
The research also stated 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.
