Gas Flaring: Nigeria loses $5.5bn as methane waste hits $30m daily
Mahmoud Ibrahim Mahmoud, a postdoctoral researcher and environmental scientist with NOSDRA, told Vanguard that Nigeria’s wider economic losses from methane waste and associated gas flaring—including lost electricity generation, liquefied petroleum gas (LPG), industrial feedstock, government revenue, environmental damage and unrealised carbon-market opportunities—could range between $18 million and $28 million daily.
Yet, across oilfields in the Niger Delta, billions of cubic feet of valuable natural gas are either burned through routine flaring or lost through leaks and venting, depriving the country of electricity, cooking gas, industrial growth, government revenue and cleaner air.
A resource burned instead of used Nigeria has one of Africa’s largest proven natural gas reserves, estimated at more than 215 trillion cubic feet, yet gas flaring remains a persistent feature of oil production.
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