The Nigeria National Petroleum Corporation (NNPC) has said that the volume of gas currently flared in the country has dropped from 19 per cent in December, 2011 to 14 per cent in January. This is contained in the latest edition of its online Monthly Petroleum Information (MPI) for May.
The corporation attributed the drop to increased use of gas for power generation, export and industrial applications.
It said that out of 215.84 billion standard cubic feet (bscf) of gas produced in January, 199.41 bscf was effectively utilised.
NNPC said that only 30.16 bscf or 13.97 per cent of the total gas production was flared at both the onshore and offshore oil fields, in the month under review.
It said that 66.87 bscf of gas was sold to third parties by the oil firms for industrial use as well as the utilisation of gas for fuel and re-injection at the oil fields.
According to the publication, Shell Petroleum Development Company (SPDC) led the gas production chart with 76.4 bscf with only 5.94 bscf of the gas fared.
Mobil Producing Nigeria Unlimited followed with the faring of 9.85 bscf of gas from 38.63 bscf of gas produced.