The Minister of State for Petroleum Resources, Mr. Timipre Sylva has disclosed that Nigeria flared about 324 billion cubic feet (bcf) of natural gas in 2017. Sylva, who said this at the recent 9th annual gas summit of the Nigeria Liquefied Petroleum Gas Association (NLPGA), added that the volume of gas flared by the country in that year was worth $1 billion, and could as well produce for her 3000 megawatts (MW) of electricity daily. He spoke through the Programme Coordinator for the Nigerian Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka, and explained that in addition, the country failed to earn up to $350 million emission credit value from such gas flare. Sylva stated that the irony of the development was that the country still had a good number of its citizens without electricity. He, however, noted that the NGFCP would be deployed to harness the […]