The Nigerian National Petroleum Corporation (NNPC) says 218.37 Billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65 Million Standard Cubic Feet per Day (MMSCFD).

This was contained in NNPC Monthly Financial and Operations Report for March, 2020 which reveals 3,119.89BCF of gas was produced for the period March 2019 to March 2020, representing an average daily production of 7,912.05mmscfd during the period.

A statement by the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru explained that period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 69.37 per cent, 21.67 per cent and 8.95 per cent, respectively, to the total national gas production.



Out of the 218.37BCF of gas supplied in March 2020, according to the report, 120.73BCF of gas was commercialized, consisting of 33.45BCF and 87.28BCF for the domestic and export market respectively, translating to 1,235.56mmscfd of gas to the domestic market and 3,817.40mmscfd of gas supplied to the export market for the month.

The report said 55.63% of the average daily gas produced was commercialized, while the balance of 44.37% was re-injected, used as Upstream fuel gas or flared.

https://www.akelicious.net/nnpc-gives-figures-of-natural-gas-produced-in-march/

So that translates to how much? How many billion dollars.