Photo by ISS Africa
Despite the federal government’s gas monetisation policy and pledge to the United Nations to attain net zero by 2060, state oil firm, Nigerian National Petroleum Company Limited, flared 100 per cent of their gas output in September and earned no revenue from it during this period.
The NNPCL gas production and utilisation data for September 2022, and obtained by Punch, shows its subsidiary, Nigerian Petroleum Development Company as one of the worst offenders in gas flaring in September, as the firm and its Joint Venture partners, Seplat Petroleum Development Company and NPDC-Chevron Nigeria, flared 100 per cent of their entire gas output of 106 million standard cubic feet of gas and 7 million standard cubic feet of gas, respectively.
The firm further noted that Newcross Exploration and Production Ltd and Belema Oil flared about 96 per cent and 75 per cent of their 112 million standard cubic feet of gas and 21 million standard cubic feet of gas, respectively.
About 8 billion SCF of gas was flared in the month under review, representing 5 per cent of the total gas output for the month, compared with 10 billion SCF of gas flared in the month of August, according to the report.