10
May
A total of 25.3 billion cubic feet (bcf) of natural gas worth about $169million was lost in the upstream petroleum sector through flaring. The 2022 Annual Public Interest Accountability Committee (PIAC) Report on Management and Use of Petroleum Revenue has revealed. The volume of gas flared in 2022 increased by 19.3 per cent compared to a volume of 21.2 bcf recorded in 2021. This constituted about 10 per cent of the total 253.56 bcf of both Associated Gas (AG) and Non-Associated Gas (NAG) produced from the three oil fields of Jubilee, Sankofa Gye-Nyame (SGN) and Tweneboa-Enyenra-Ntomme (TEN). According to the…