Nigeria remains one of the top seven gas-producing countries

Despite its attempt to reduce gas flaring by shedding 500 million standard cubic feet of gas in January 2023, Nigeria has maintained its position as one of the top seven gas-flaring countries after Russia, Iraq, Iran, the United States, Algeria, and Venezuela. According to recent data from the Nigerian National Petroleum Company Limited (NNPCl), gas flaring was reduced by 500 million Standard Cubit Feet (SCF) in January, from 10 billion SCF in December 2022 to 9.5 billion SCF in January. However, the reduction volume of 500 million SCF is still considered very low when compared to the intended volume required to remove the country from the list of gas-flaring nations. Nigeria has maintained its position as one of the top seven gas-producing countries, following Russia, Iraq, Iran, the United States, Algeria, and Venezuela. The World Bank's Global Gas Flaring Tracker shows that ten countries will continue to be the largest flaring countries in 2021. Russia, Iraq, Iran, the United States, Venezuela, Algeria, Nigeria, Mexico, Libya, and China are among them.