The Department of Petroleum Resources (DPR) said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015.
Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in Houston, Texas, U.S.
This is according to a statement made available to the News Agency of Nigeria (NAN), in Lagos on Sunday by Mr Sonny Oputa, Chairman, Energy Corporate African, the organiser of the conference.
Maseli said that the development led to a loss of 3,500 megawatts of electricity generation and about 400 million dollars carbon credit value emission.
She said, “55 million Barrels of Oil Equivalent (BOE) was lost and 25 million tons of carbon dioxide emitted.
“The country is recording decline, but the scale of gas flaring is still…
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