BUSINESS

Nigeria Gas Flaring Falls By 0.33% In Q1 2021

According to the Nigerian National Petroleum Corporation (NNPC) monthly report for February 2021, gas flaring dropped by 0.33% in Q1 2021 to 45.33 billion cubic feet (bcf) from the 45.48 bcf recorded in Q4 2020.
 

The year-on-year data shows that gas flaring dropped 21.75% in Q1 from 57.93bcf in Q1 2020.

The Federal Government (FG), in December 2016, launched the Nigerian Gas Flare Commercialisation Programme.

The programme seeks to curb gas flaring in the country by improving gas utilisation in the country.

As a result, the Department of Petroleum Resources (DPR) showed that 203 companies had been awarded the right to process flared gas from the 178 gas flared sites.

Source: The Electricity Hub

ALSO READ  Infinity Trust Mortgage Bank Gets Three New Directors

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button