Losses from gas-flaring rise to N122bn

17 November 2015, Abuja  – Barring other unforeseen arrangements, Nigeria lost about N122.232 billion ($611.16 million) between January and September 2015, as oil and gas companies flared 203.72 billion cubic feet, bcf, of gas. Using the Nigerian Gas Company, NGC’s average price of gas of $3 per standard cubic feet, scf, and an average naira exchange rate of […] More »