Oil firms flare 248bcf of gas in 11 months

…Nigeria loses N149bn in revenue  Ike Amos 06 January 2016, Sweetcrude, Lagos – Using the Nigerian Gas Company’s average natural gas price of $3 per 1,000 cubic feet of gas, Nigeria lost about $746.37 million, an equivalent of N149.27 billion to gas flaring in 11 months, between January and November 2015. The loss arose from […] More »