Ghana lost $300m worth of natural gas in the upstream petroleum sector through flaring, according to the 2022 Annual Public Interest Accountability Committee (PIAC) Report on Management and Use of Petroleum Revenue.
The volume of gas flared in 2022 increased by 19.3% compared to 2021. The report titled ‘The state of the energy and extractive sectors of Ghana: Critical reforms required for sustainable economic recovery,’ observed that the gas was flared at a time when domestic consumption of processed gas, known as Liquefied Petroleum Gas (LPG), was growing exponentially, leading to increased imports.
It also constituted about 10% 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).
