5tn cubic of gas produced in two years

Oct. 7, 2024 - Punch Newspapers

A breakdown shows that 2.521tn standard cubic feet were produced in 2022 representing a decline when compared with 2.

744tn standard cubic feet produced in 2021. While in 2023, the gas sector recorded a total production of 2.

491tn standard cubic feet representing only 1 per cent drop in gas production when compared with the total production recorded in 2022. This information and data were contained in the latest oil and gas industry independent report released to the public in Abuja by the Nigeria Extractive Industries Transparency Initiative.

On gas utilisation, the statement said a total of 137.36bn standard cubic feet of gas was used as fuel in 2022 from data provided by only 32 gas companies.

The agency attributed the decline to dwindling oil production arising from insecurity, oil theft and sabotage...