Gas exports contribute $70m

According to the report sale of gas in March accounted for more than a quarter of the nation’s earnings from petroleum products sales, the report stated. Total of $71.6M was collected from the export of gas in the month.

More than half of the 218.37 billion cubic feet of gas produced was reserved for both domestic use and for export while the balance of were reinjected, used in upstream operations or flared.

The rate of flaring remained almost steady at 9.08% of production, although slightly higher than the yearly average (March 2019-March 2020) at 8.43% (see graph).

Next: NNPC supplied 60m litres of fuel per day in March