Demand Management of Natural Gas for Nigeria

Abstract

This study provides a comprehensive and balanced analysis of natural gas demand management in Nigeria. Questionnaires were employed to solicit information from the respondents on the development and utilisation of Natural Gas, as per the demand management of Natural Gas for Nigeria (domestic market) and the socio-economic impact of the Gas Industry on the people and the nation in general. The responses indicate that there is rapid development in the Gas sector in Nigeria, driven by the launch of the Nigerian Gas Master Plan and various Gas utilisation projects underway across the Nation. Nigeria has abundant deposits of natural gas (210.5 TCF of proven reserves), and when exploited and developed, it will improve the economy substantially through taxes and royalties from the producing companies. Based on the research findings, the specific steps to be taken by the stakeholders in maximising the development and utilisation of Natural Gas for Nigeria’s domestic Market are the effective implementation of the Gas Master plan. The Gas Master plan provides a framework for Nigeria to maximise value from its Gas resources through leveraging the multiplier effect of gas in the domestic economy. The Gas master plan aims to facilitate timely and cost-effective additions to Gas capacity, meeting unprecedented domestic Gas demand.