See How Much Nigeria Has Lost To Gas Flaring In Six Month

Nigeria lost about $336.33 million in the first half of 2016, as oil and gas companies operating in the country flared 112.11 billion Standard Cubic Feet (SCF) of gas between January and June 2016, according to data obtained from the Nigerian National Petroleum Corporation, NNPC.” At the Nigerian Gas Company’s average gas price of $ per $1,000 SCF of the commodity, the flaring of 112.11 billion SCF translates to a loss of $336.33 million or N105.9 billion at current exchange rate. Giving a month-on-month, MoM, breakdown of the volume of gas flared by oil and gas companies in the period under review, the report stated that in January 2016, 22.32 billion SCF of the commodity was flared; 20.38 billion was flared in February; 20.11 billion SCF in March, while in April, May and June, 18.7 billion SCF, 15.8 billion SCF and 14.8 billion SCF respectively were flared. NNPC, in its Monthly Financial and Operational Report for the month of June 2016, also stated that the country earned $451.24 million or N142.14 billion, from gas export in H1’16. In addition, the NNPC report stated that the country earned N13.528 billion from domestic sale of gas in the period under review. The report further stated: “The MoM breakdown of the amount earned from gas export in H1’16 showed that the country raked in $135.89 million, $72.53 million, $2.28 million, $131.17 million, $60.25 million and $49.12 million, in January, February, March, April, May and June 2016, respectively. “However, all the proceeds from gas export, including proceeds from crude oil export in the period under review were utilised for the NNPC Joint Venture Cash Call payments, with zero remittance to the Federation Account.” In the area of domestic gas sales for the six-month period, the report noted that the country earned N880.31 million, N944.4 million, N2.53 billion, N3.66 billion, N2.45 billion and N3.06 billion respectively in the months January through June. Furthermore, in its analysis of commercialised and utilised gas, the report disclosed that out of a total of 1.35 trillion SCF of gas produced in the six-month period, 157.54 billion SCF was utilised in the domestic market; 591.88 billion SCF was exported, while 603.01 billion SCF was not commercialised, as they were either re-injected, used as fuel gas or flared. Also, giving an analysis of gas utilisation for the 12-month period, between July 2015 and June 2016, the report stated that total gas supply for the 12-month period stood at 363.19 billion SCF and 1.219 trillion SCF for the domestic and export markets respectively. The report added that between July 2015 and June 2016, average gas supply to power plants in the country stood at 650 million SCF per day to generate 2,825 megawatts (MW) of electricity. “A total of 327 million SCF per day was delivered to the gas fired power plants in the month of June 2016 to generate an average power of about 1,483 MW of electricity.”

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Militant Niger-Delta Avengers Blow Up More Oil and Gas Installations in Bayelsa

The Niger-Delta Avengers militant group have continued in their recent bomb attacks in the region destroying more government installations.

 

The strike teams of Niger Delta Avengers, NDA, in the early hours of today,Saturday, struck in Bayelsa State, blowing up trunk line belonging to the Nigerian Agip Oil Company, NAOC and Shell Petroleum Development Company, SPDC.

The group, which claimed responsibility for the explosions in a tweet, said: “At About 2.15am on Saturday the @NDAvengers blow up Nembe 1, 2 and 3 Brass to Bonny Trunk Line belonging to Agip and Shell.”

 

Meanwhile, soldiers invaded Oporoza, the traditional headquarters of Gbaramatu kingdom, at about 1.52 am, this morning and were still laying siege to the community as at 8.00 am.

The soldiers, who came in no fewer than seven gunboats, allegedly beat up residents, including an octogenarian community leader, Chief Atiti Mala, with the butt of a gun.

“They were asking the helpless villagers to produce former militant leader, Government Ekpemupolo, alias Tompolo, and members of the Niger Delta Avengers,” a youth leader told Vanguard on phone.

Ijaw leader, Chief Godspower Gbenekama, who confirmed the attack on Oporoza, said: “Information available to me is that the military invaded Oporoza again in the early hours of today. As I am speaking to you, they are still there molesting people.”

“They have arrested many persons and villagers have fled into the bush, this is wrong, they are going to worsen issues with what they are doing. I posted on Facebook that they invaded Oporoza and a military called me to tell me that they would deal with me.

“We are not safe, we have said it over and over that Gbaramatu people are not synonymous with Niger Delta Avengers, they should leave my people along. If they want to kill me, let them go ahead, but I will continue to say the truth, why are they harassing my people, they should harass the militants whose activities we condemn,” he added.

Source: Vanguard

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