Latest data from the Nigerian National Petroleum Corporation showed that a total of 28.51 billion cubic feet was flared in August, up from the 22.38 Bcf wasted in July.
It said a total of 239.03Bcf of natural gas was produced in August, translating to an average daily production of 7,710.79 million standard cubic feet per day.
The corporation stated, “Out of the 237.65Bcf of gas supplied in the month, a total of 137.36Bcf of gas was commercialised, comprising of 31.72 Bcf and 105.64 Bcf for the domestic and export markets, respectively. This translates to an average daily supply of 1,023.35mmscfd of gas to the domestic market and 3,407.94 mmscfd of gas supplied to the export market.
“This implies that 57.80 per cent of the average daily gas produced was commercialised, while the balance of 42.19 per cent was either re-injected, used as upstream fuel gas or flared. Gas flare rate was 12 per cent for the month of August 2017 i.e. 919.73 mmscfd compared with average gas flare rate of 10.15 per cent i.e. 734.56 mmscfd for the period August 2016 to August 2017.”
The NNPC said a total of 628 mmscfd was delivered to the gas-fired power plants in August to generate an average electricity of about 2,307 megawatts, compared with July, where an average of 689 mmscfd was supplied to generate 2,655MW.
According to the report, the total gas supply for the period, August 2016 to August 2017, stood at 2.866 Tcf, out of which 380.31 Bcf and 1.276 Tcf was for the domestic and export markets, respectively and commercialised, while non-commercialised stood at 1.209 Tcf.
The Group Managing Director, NNPC, Dr. Maikanti Baru, said recently that the corporation envisaged a near zero flare in the not too distant future with adequate infrastructure and frameworks being put in place.
“Government’s intentions to develop this market will be made clear to the prospective investors,” he added.