Nigeria loses N302bn to gas flaring in one year vanguardngr.com vanguardnews
flaring has continued to take its toll on the Nigerian economy, the environment and the lives of the people of oil-producing communities, as the country lost $987.175 million, about N302.076 billion in 2018, to the continuous flaring by oil and gas firms operating in the petroleum industry.
In its month-on-month analysis, the report stated that 31.68 billion scf, 27.25 billion scf, 26.88 billion scf, 23.06 billion scf, 21.20 billion scf and 21.66 billion scf of gas was flared between January and June respectively, while from July to December 2018, 21.21 billion scf, 22.42 billion scf, 20.54 billion scf, 20.51 billion scf, 23.78 billion scf and 21.89 billion scf was flared respectively.
On the other hand, the report disclosed that 430.2 billion scf of gas was utilised in the domestic market in 2018, while 1.23 trillion scf of gas was exported.
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