Connect with us

News

Nigeria, eight other countries account for 75% of global gas flaring – World Bank report

Published

on

Nigeria, alongside eight other countries, has been identified as a major contributor to global gas flaring, accounting for 75% of the world’s flared gas, according to the latest Global Gas Flaring Tracker Report by the World Bank.

The eight other countries include Russia, the United States, Iran, Iraq, Venezuela, Algeria, Libya, and Mexico, with Nigeria being eighth on the list. The report noted that these nine countries have dominated global gas flaring for over a decade.

According to the report, these countries produce 46% of the world’s oil, yet their gas flaring practices remain a significant environmental concern.

The report read: “The Russian Federation, the Islamic Republic of Iran, Iraq, the United States, República Bolivariana de Venezuela, Algeria, Libya, Nigeria, and Mexico remain the top nine flaring countries in 2023. Together, these nine countries are responsible for 75% of global gas flaring, but just 46% of global oil production.”

The report shows an overall increase of 9 billion cubic meters (bcm) in global gas flaring from 139 billion cubic meters (bcm) in 2022 to 148 bcm in 2023.

The Interesting Things About Pha Din Pass, Dien Bien That Just A Few People Know

This 7% rise in flaring volumes marks the highest level recorded in the last five years. The increase in gas flaring is juxtaposed with a mere 1% increase in global oil production, underscoring a growing disparity between oil extraction activities and environmental sustainability.

Countries like Russia and the United States saw significant increases in flaring volumes and intensity.

Russia remains the largest flaring country, with an 11% increase in 2023. The United States experienced a 21% rise in flaring, primarily in shale-producing regions such as the Permian Basis

These increases have major implications for global greenhouse gas emissions, contributing to heightened concerns over climate change and environmental degradation.

The World Bank report emphasizes the need for urgent and coordinated global action to achieve the goal of Zero Routine Flaring by 2030. It calls for substantial investments in gas recovery and utilization projects, especially in countries with high flaring volumes.

For Nigeria, this means enhancing infrastructure, adopting new technologies, and fostering public-private partnerships to mitigate the environmental impact of gas flaring.

In November 2022, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) issued guidelines with a clear objective: to establish measures for operators in the upstream oil and gas sector to prevent and manage greenhouse gas emissions at both new and existing facilities.

The International Energy Agency (IEA) earlier said that Nigeria plans to end gas flaring by 2030 and slash methane emissions to 60% by 2031.

However, the NUPRC claimed that although the World Bank has set 2030 as the target year to end gas flaring, Nigeria has set the country’s deadline for 2025.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

See photo of collapsed Saint Academy school in Jos

Published

on

By Kayode Sanni-Arewa

The photo of the collapsed Saint Academy school in Jos, capital of Plateau state has emerged online.

Naijablitznews reports many students reportedly died in the building warehousing several students.

Continue Reading

News

Singer, Portable Fights Okada Man in Lagos Over Stolen Phone

Published

on

By Kayode Sanni-Arewa

Controversial Nigerian singer Habeeb Okikiola, better known as Portable, is at it again, but this time with a bike man.

The street singer, who recently returned from America, caused a commotion in Lagos as he fought dirty with a bike man, who he accused of stealing his phone. In videos making rounds online, the singer, who was wearing a yellow hoodie, was captured engaging in a fistfight with the bike man as Lagosians gathered to separate them.

Continue Reading

News

DSS Busts Suspected Terrorist’s Residence In Niger, Recovers Arms, Dollars

Published

on

By Kayode Sanni-Arewa

Personnel from the Department of State Services (DSS) conducted a raid on Wednesday at the residence of a suspected hardened terrorist in the Gbeganu area, a suburb of Minna, Niger State.

The raid, which took place during the daytime, caused fear among residents in the area.

According to sources familiar with the operation, this was the third raid in less than four years in the neighbouring areas of Nkangbe and Gbeganu, both in Bosso Local Government Area. The suspect targeted in this raid was allegedly a storekeeper for a terrorist group, although specific details about the recovered weapons were not disclosed.

Residents informed Daily Trust that a substantial amount of cash, including dollars, was seized during the operation. The suspect had been known as a tricycle rider before the raid revealed his alleged involvement with terrorist activities.

Previous incidents include a similar raid in October 2023, where a suspected terrorist engaged security forces in a fierce gun battle before escaping, and in June 2021, when a house linked to a notorious kidnapper was demolished after weapons were found in a raid.

The Niger State Police Command spokesperson, SP Wasiu Abiodun, stated that they had no information regarding the recent raid when contacted.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News