Nigeria flared 5.3 billion cubic metres of gas worth $1.5 billion in 2024 – German Ambassador

German Ambassador to Nigeria, Annett Günther, has disclosed that Nigeria mislaid an estimated $1.5 cardinal to state flaring successful 2024 aft burning 5.3 cardinal cubic metres of associated gas, ranking the state seventh globally successful state flare volumes.

Günther made the disclosure on Wednesday during a fireside chat astatine the ongoing 25th Nigeria Oil and Gas, NOG, Energy Week successful Abuja, themed, “Advancing Energy Ambitions for Competitive and Resilient Economies.”

She said Germany had launched a caller programme aimed astatine converting flare state into economical worth for Nigerian households, industries and imaginable hydrogen accumulation arsenic portion of its long-standing vigor concern with Nigeria.

According to the ambassador, the inaugural follows the signing of the 2025 Joint Declaration of Intent connected Bilateral Energy Transition Dialogue and Cooperation betwixt some countries.

“Just for context, 5.3 cardinal cubic meters of state was flared successful 2024 successful Nigeria, which makes it the seventh fertile successful the satellite and that equals an economical nonaccomplishment of US$1.5 billion,” Günther said.

She explained that the caller programme would absorption connected utilising flare state much efficiently to ...