Nigeria loses N 169 tn to gas flaring in 40 years

Dec 15, 2006 01:00 AM

The Federal Government in Abuja, revealed that about N 169 tn has been lost by the country to gas flaring incidences in the last 40 years of exploration. In the same vein, government also said that N 3.5 bn worth of agricultural produce is lost annually to gas flaring incidences in addition to the loss of about 3.045 tn gas measure recorded.
Environment Minister, Helen Esuene disclosed these at the ministry's Ministerial Press briefing held in Abuja. She noted that the present gas flare in the country which presently stands at 40 % (an average of 2.899 mm cfpd or 0.483 mm barrels of oil equivalent) was an improvement as against the record of 42 % recorded in 2004 and 68 % in 1999.

"Nigeria's Niger Delta region is a prolific petroleum producing province. Specifically, Nigeria is a gas surplus country, with ultimate recoverable gas reserves of 182 tn commencement of active exploration and production activities in Nigeria. About 26 tcf of gas has been produced, (mostly associated gas) with remaining recoverable reserve of about 156 tcf (26 tn barrels of oil equivalent), 14.4 % of recoverable gas potential."
According to her, the concern of government to curb the increasing rate of gas flare in the country led to the approval of the National Oil Spill Contingency Plan (NOSCP) by the Federal Executive Council (FEC) on the 23rd April 2006 to suit the provisions of National Oil Spill Detection and Response Agency (NOSDRA) Act.

Esuene in her stewardship report said it got approval of N 30.13 mm (or $ 230,000) from Strategic Approach to International Chemicals Management (SAICM) secretariat in August 2006 for the establishment of an Institutional Framework and Strengthening National Capacity for the sound management of chemicals and implementation of the strategic approach in Nigeria and that necessary processing of agreement for the release of the funds would soon begin.
She explained that the ministry made revenue worth N 37.2 mm through its Environmental Impact Assessment (EIA) already paid into the federation account. This effort in this sub-sector has however led to the approval of 33 EIA projects mostly in the oil and gas sector, registration of 80 new EIAs out of which 55 have been certified and EIA approval granted.

It was gathered that World Bank has assisted Local Empowerment and Environmental Management Project (LEEMP) with about N 1.1 bn in form of direct transfer of financial and technical resources to 540 communities for the implementation of about 1,200 micro-projects in the area of construction of health clinics, feeder roads, primary schools, provision of potable water, electricity, environmental rehabilitation and some income generating activities.
he minister also announced that an allocation of about N 2 bn (or $ 14.9 mm) was made to Nigeria by the Global Environment Facility (GEF) for the Biodiversity and Climate Change project for a period of four years (between 1st July 2006 to 30th June 2010) under the new system of Resource Allocation Framework (RAF).

Source: Vanguard
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