Business Day: Power Sector Conundrum - Optimizing Gas Supply to Power Sector

From existing statistics, Nigeria arguably has proven gas reserves of 182 trillion cubic feet (Tcf), according to the EIA, making the country with Africa’s largest gas reserves and the world’s 9th largest gas reserves. Nigeria’s gas reserves are estimated to last for over 100 years at current exploitation levels. Majority of the natural gas reserves in Nigeria are located both offshore and onshore Niger Delta region. Nigeria’s gas reserves are far larger than its crude oil reserves.

Statistics by the Nigerian Gas Company (NGC) show that only about 53 percent of Nigeria’s gas production is monetized. 

Read the full article HERE.