The state of domestic gas supply in Nigeria can cause you to doubt whether we have the 9th largest global gas reserves. In fact, Nigeria accounts for nearly 3% of all known gas reserves in the world.
It’s like a person with a river in their backyard dying of thirst. But, having a river in your backyard doesn’t mean anything if you can’t walk to the river. As the saying goes, you can lead a camel to water, but you can’t force it to drink. In the same way, having gas reserves doesn’t mean anything if you can’t extract gas or use it.
According to the BP 2021 Statistical Review of World Energy, Nigeria’s gas reserves were 5,750 billion cubic metres (bcm). However, our production was only 50 bcm. In comparison, Algeria, Africa’s top natural gas producer in Africa, produced 85 bcm in 2020 from reserves of 4,504 bcm.
Nigeria’s gas production has actually grown over the years. But we could be doing a lot better. Natural gas has become the global transitional fuel of choice as