Nigeria lost $850m to gas flaring in 2015 – DPR

The Department of Petroleum Resources (DPR)  said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015.


Deputy Director, Head, Upstream, DPR, Mrs Pat Maseli, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in Houston, Texas, U.S.


This is according to a statement by Mr Sonny Oputa, Chairman, Energy Corporate African, the organiser of the conference.


Maseli said that the development led to a loss of 3,500 megawatts of electricity generation and about 400 million dollars carbon credit value emission.


She said that with almost 8 billion cubic meters of gas flared annually, according to satellite data, Nigeria had the seventh largest gas flaring in the world.


Maseli said that prior to now, there were no gas terms in place, but the department had recently developed policies on gas terms and utilisation.


On the breakdown of the 2008-2013 Domestic Gas Supply Obligation (DGSO), she said that  compliance was about 23 per cent.


It said that in 2016, the DGSO was achieved at 38.18 per cent, while in 2017, it was 40 per cent.