Its good news for Nigeria as Gas production leaps in July 2018. A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in Nigeria in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated.
This represents an increase of 8.81 per cent compared to the previous month of June 2018.
The report indicated that for the period, July 2017 to July 2018, Nigeria produced a total of 3,084.09BCF of gas which represented an average daily production of 7,834.62mmscfd.
A release by NNPC Group General Manager Group Public Affairs, Mr. Ndu Ughamadu, explained that period to date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC), contributed about 69.38 per cent, 21.69 per cent and 8.93 per cent respectively to the total national gas production
A further breakdown of the numbers showed that out of the total volume of gas supplied in July 2018, 127.19BCF of gas was commercialized, comprising of 35.55BCF and 91.65BCF for the domestic and export market respectively.
This translates to a total supply of 1,184.81mmscfd of gas to the domestic market and 3,055.00mmscfd of gas supplied to the export market for the month, implying that 55.98 per cent of the average daily gas produced was commercialized, while the balance of 44.02 per cent was re-injected, used as upstream fuel gas or flared.