By Ediri Ejoh
Gas flaring incidents have THERE are indications that Nigeria lost about 20,100 Gigawatts per hour of power generation potentials to the persistent gas flaring by oil companies operating in the country in the first nine months of this year, 9M’24
This represents 5.5 per cent increase when compared to the 19,000 Gigawatts per hour generation potential lost in the corresponding period of 2023.
Checks by Vanguard indicated that the country’s struggle to generate above 4,000 megawatts, MW of electricity to serve households and businesses, is due partly to limited gas supply to the Electricity Generation Companies, GENCOs.
Nigeria’s gas flaring has risen by 8 per cent in nine months, to 200.5 million standard cubic feet, MSCF, from 190.2 million Mscf recorded in the corresponding period of 2023.
However, data obtained from the latest report of the National Oil Spill Detection and Response Agency, NOSDRA, put the monetary value of the 200.5 MSCF flared…
Source: Vanguard Newspaper
