Nigeria: N149bn revenue lost to gas faring in 11 months

Ike Amos 01 January 2016, Sweetcrude, Abuja – Using the Nigerian Gas Company’s average natural gas price of $3 per 1,000 cubic feet of gas, Nigeria loses $746.37 million, an equivalent of N149.27 billion to gas, as oil and gas companies in the country flared 248.79 billion cubic feet (BCF) of gas in 11 months, between […] More »