A new report by National Oil Spill Detection and Response Agency (NOSDRA), has revealed that Nigeria lost 22,300 Gigawatts-Hour (GWH) of electricity due to gas flared from offshore and onshore oil and gas sites between January and June, this year.
According to the report, majority of the flares were from onshore oil and gas sites, which accounted for 60.95 per cent of total gas flared, while offshore sites accounted for 39.05 per cent of the total.
It stated that the 135.8 billion SCF of gas flared onshore, is valued at $475.5 million, an equivalent of N171.18 billion; would fetch a penalty of $271.7 million, an equivalent of N97.81 billion; translated to 7.2 million tonnes of CO2 emissions .
It added that the 87 billion SCF of gas flared offshore between January and June 2020, cost the country a loss of $304.4 million, an equivalent of N109.58 billion, in revenues; would lead to a penalty of $174 million, an equivalent of N62.64 million; CO2 emissions of 4.6 million tonnes and an equivalent of 8,700 GWH of electricity.
It revealed that Delta State suffered hugely from gas flaring in the six-month period having accounted for 38.4 per cent of total gas flared onshore and 23.4 per cent of total gas flared offshore.
According to the report,52.2 billion SCF of gas was flared by the oil and gas companies operating in Delta State, translating to CO2 emissions of 2.8 million tones and an equivalent of 5,200 GWH of electricity.
It added that the volume of gas flared in the state is valued at $182.6 million and would fetch the companies, penalties of $104.4 million.
The report stated that Rivers State followed with 38.5 billion SCF of flared gas, valued at $134.9 million; Bayelsa recorded gas flare totalling 27.1 billion SCF valued at $94.7 billion; while 9.9 billion SCF of gas was flared in Edo state, at the value of $34.5 million.
According to the report,Imo recorded 6.0 billion SCF of flared gas valued at $21.1 million; Akwa Ibom 1.8 billion SCF, valued at $6.3 million; Abia 357.5 million SCF valued at $1.3 million and Anambra, 23.2 million SCF valued at $0.08 million.
It noted that at onshore sites, 23.66 billion SCF of gas, 17.51 billion SCF, 20.39 billion SCF, 23.67 billion SCF, 26.49 billion SCF and 24.12 billion SCF were flared in January, February, March, April, May and June 2020 respectively.
It further noted that at offshore sites, t 16.37 billion SCF of gas, 14.64 billion SCF, 17.21 billion SCF, 15.17 billion SCF, 10.49 billion SCF and 13.09 billion SCF were flared, correspondingly, in January, February, March, April, May and June 2020.
It noted that 135.8 billion standard cubic feet of gas were flared on the onshore sites in the six months period, while 87 billion standard cubic feet of gas was flared offshore.
The report also revealed that the fine accruable to the country from the flaring of 222.8 billion SCF of gas stood at $445.7 million, an equivalent of N160.45 billion.
SOURCE: oglinks.news