Country may be losing annual revenue of $1.1bn on flare out fineChineme Okafor in AbujaUnproven statistics from a new technology, the Nigerian Gas Flare Tracker, which was recently launched by a consortium of Nigerian and United Kingdom partners, has placed the total volume of gas flared annually in Nigeria at 318,588,060.00 million standard cubic feet (Mscf), enough to generate roughly 27,526.0115 megawatts (MW) of electricity for the country.The statistics from the online technology also noted that the country loses approximately $1,115,058,210.00 of potential annual revenue from fines that could have come from gas flare orders to operators in Nigeria’s hydrocarbon industry, whose operations equally add 6,797,411.6900 tonnes of atmospheric carbon dioxide (CO2) annually to the country’s contribution of the world’s Co2 figures.The information was gleaned from the online tracker Wednesday in Abuja, and it suggests that this amount of gas is flared in the country even when its acute electricity shortage is occasioned partly by inadequate gas as fuel for thermal power generation plants that make up 80 per cent of her electricity generation sources.Details later


http://www.thisdaylive.com/articles/nigeria-losing-27-500mw-of-potential-electricity-says-group/195703/

We flare away too much gas;but we still need facility to use gas to feed turbine.

We have potential, but to turn it to kinetic is all that is needed...