Nigeria is Aiming for Five Billion Daily Gas Production by 2030 – Ekperikpe

At the current Gastech Conference in Singapore, Nigeria’s Minister of State for Gas, Ekperikpe Ekpo has said that by 2030, the nation might increase its gas production to more than five billion cubic feet per day.
According to Reuters, Ekpo disclosed this to conference attendees while asserting that the nation had access to the finances required to increase production without providing any other information.
“In Nigeria, it has been declared a decade of gas from 2020 to 2030. So, by 2030, we’ll get to 5.5 billion cubic feet of daily production (57 billion cubic meters a year),” he said.
Although Ekpo is obviously talking to domestic gas production, it is unclear whether the 5.5 bcf figure also accounts for domestic gas that is reinjected, exported, or flared.
Ekpo’s statement of the “Decade of Gas Initiative,” which primarily focuses on domestic usage, causes this ambiguity.
Nigeria, the ninth-largest gas producer in the world and the gas hub of Africa, has a reserve of 209.5 trillion cubic feet of gas, according to data from the Nigerian Liquefied Petroleum Gas Association (NLPGA).
The average daily petrol usage for home and commercial purposes is 1.5 billion cubic feet.
However, the nation exports 3.7 billion cubic feet of gas per day to foreign countries via the West African Gas Pipeline (WAGP) and Nigeria Liquefied Natural Gas (NLNG) Limited.
Additionally, the Statistical Review of World Energy report from June 2023 stated that Nigeria’s natural gas production hit 40.4 billion cubic metres in 2022.
The nation’s exports of liquefied natural gas (LNG) decreased as well, coming to 19.6 billion cubic metres in 2022.
Keep in mind that the nation faces problems with the supply of petrol. In a recent interview, energy markets analyst Kelvin Emmanuel said that the issue surrounding the gas supply crisis is complex, arising from a number of variables that have contributed to its persistence.
He said that the Federal Government’s resistance to deregulate petrol prices, which has effects on the entire supply chain, is the main cause for concern.
This has made it more difficult to create a market environment that is competitive and to operate the gas industry effectively.
Emmanuel added that the inadequate expansion of varied infrastructure for the capture and aggregation of gas is another important component of this dilemma.

source: Allnews Nigeria

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