Nigeria gas flaring surge wastes electricity and triggers penalties

Gas flaring in Nigeria rose 18.6%, causing an estimated loss of 62,400 GWh of potential electricity between 2024 and 2025. The National Oil Spill Detection and Response Agency (NOSDRA) reported that about $2.2 billion worth of gas was flared, generating roughly 33.2 million tonnes of CO₂ and leading to $1.2 billion in statutory penalties for operators, including international and national oil companies.

Chevron said its own plants have cut flaring by 98% and aim for zero flaring by monetising gas by‑products. The company highlighted $1 billion spent annually on local content and $10 billion invested in Nigerian firms over the past decade, alongside $140 million paid to host‑community development trusts in the Niger Delta.