Nigeria has in the last 10 years dropped from being the second highest gas flaring nation in the world to now occupy the seventh position, the Nigerian National Petroleum Corporation (NNPC) disclosed yesterday.
According to the NNPC in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, the country between 2006 and 2016, succeeded in reducing gas flare from her oil and gas fields by 26 percent within the 10-year period.
It explained that from 36 per cent flare rate it recorded between the periods, the country now flares only 10 per cent of gas from her fields in the Niger Delta.
The NNPC’s report was also corroborated by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), which indicated that as at the close of 2015, Russia, Iraq, Iran, the United States, Venezuela and Algeria were the six other countries ahead of Nigeria in global gas flaring.
Notwithstanding, the NNPC said in the statement that the rate of reduction was part of efforts to preserve the country’s environment, and monitise her gas resources.
The statement was provided to THISDAY in Abuja, and it noted that in explaining the gas flare reduction trend, NNPC’s Chief Operating Officer, Upstream, Mallam Bello Rabiu, noted that as at 2006 Nigeria was flaring 2.5 billion standard cubic feet (bcf) of gas, while consuming only 300 million (mscf) of gas per day.
Rabiu however stated that a raft of technological innovation had helped the industry to record a drastic flare down.
He added that the drastic reduction was achieved through aggressive gas commercialisation which is anchored on the country’s gas master plan.