Nigeria’s Gas Production Rose By 20.23% In 2015

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015. NEITI said this in Abuja in its audit-covered operations in the country’s oil and gas industry for the period of 2015. According to the report, the country’s gas production rose by 20.23 per cent from 2,593,090 million standard cubic feet (mmscf) in 2014 to 3,250, 667 mmscf in 2015.

This, it stated, was supported by the combined effect of increased gas utilisation and decline in gas flaring. “NNPC’s liftings were split almost evenly between federation export and domestic crude allocation, which accounted for 159.4 million barrels and 153.9 million barrels, respectively. “However, only 8.7 million barrels or 5.6 per cent of crude oil allocated for domestic consumption went to the refineries in 2015 on account of the state of the refineries,’’ the reports stated.

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