The Nigeria National Petroleum Corporation has stated that Nigeria has moved from the second highest gas flaring nation in 2006 to the seventh position in 2016.
The Corporation has stated also that the country has reduced its gas flaring by 26 percentage points in the last ten years from 36 per cent to 10 per cent, just as it planned to exit gas flaring in 2020.
The Corporation spokesperson, Ndu Ughamadu in a statement issued in Abuja yesterday stayed that NNPC Chief Operating Officer, COO, Upstream, Mallam Bello Rabiu explaining the gas flare reduction trend, noted that as at 2006 Nigeria was flaring 2.5 billion standard cubic feet (scf) of gas, while consuming only 300mscf of gas per day, adding that technology had helped the industry to record a drastic flare down.
According to him, the drastic reduction in gas flaring was achieved through aggressive gas commercialization anchored on the Gas Master Plan.
“The Gas Master Plan was geared towards addressing four key critical issues of gas availability, infrastructure, commercialization framework and gas affordability,” Rabiu said.
