It will be recalled that government efforts towards gas flaring
in Nigeria started in 1969 during the regime of General Yakubu Gowon, but till date, the goal post has been being shifted several times by different administrations without punishing oil companies for disobeying existing anti-gas flaring
But SABIC's Wilton operations then suffered an unrelated power failure from its electrical power supplier Sembcorp, which caused more substantial flaring
from the Olefins 6 "Cracker" and LDPE (Low Density Polyethylene) plant.
RasGas' reduction in flaring
was achieved through the use of best practices in the industry, including improved facility designs, new operating procedures, and the utilisation of waste gas for power generation, managing director Hamad Rashid al-Mohannadi said at the programme.
Iran captures much less gas than most oil producers, burning or flaring
the bulk of it.
By Pratap John/Chief Business Reporter In a clear effort aimed at improving energy efficiency and mitigating climate change, Qatar Petroleum (QP) and the World Bank-led Global Gas Flaring
Reduction (GGFR) partnership have agreed to extend their cooperation in reducing flaring
associated with oil and gas production.
Officials then said the end to flaring
at those fields would allow the oil industry to use about $25 million worth of natural gas that was otherwise burned each year.
Thick black smoke and large flames from Thursday's flaring
can be seen from as far away as Greatham, near Hartlepool.
Using an average exchange rate of N310 to a dollar and a natural gas price of $3 per 1,000 SCF as stipulated by the NNPC, flaring
25.53 billion SCF of gas translates to a loss of N23.74 billion.
happened at the siteafter surprisingly high temperatures put strain on the plant's cooling system, meaning unused gases needed to be safely burnt off.
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