Plans are now being made as to how Nigeria will Utilize Natural Gas in 2021
Most nations are now adopting polices that will help them to contribute to an environment that is clean and green.
To this effect technological advancement are being made to cut down on some harmful environmental practices, such as flaring.
According to the data release by World Bank’s Global Gas Flaring Reduction Partnership rankings from July 2018, Nigeria is the sixth-largest gas-flaring country globally.
Over the years the Nigerian Government has set various deadlines to end gas flaring.
The earliest deadline was set in 1973, seconded by another one on 1984, 2013 and 2019 respectively.
Sadly though none of these deadlines was adhered to.
Nigeria is west African country blessed with numerous natural resources, among which is natural gas.
In 2019 alone Nigeria lost over 1.5 billion dollars due to gas flaring.
According to data released by Nigerian Gas Flare Tracker, hosted by the National Oil Spill Detection and Response Agency, NOSDRA.
The data revealed that of the 425.9 billion SCF of gas flared between January and November, 2019, 22.6 million tonnes of carbon dioxide was emitted into the environment, while the volume of gas flared is capable of generating 42,600 megawatts of electricity.
How vast is the Nigerian gas reserves?
The increase in the use of Liquified Petroluem Gas (LPG) in Nigeria has help the nation to make progress in the area of gas utilization.
The Nigerian Gas reserve is currently estimated at 182 TCF (trillion cubic feet) with a projected growth rate of over 70% by 2025.
Nigeria is currently the Ninth country in the world in terms of natural gas reserves.
How Nigeria will Utilize Natural Gas in 2021
Nigeria to utilize natural gas through the NLNG train 7
A major project that will help cut down flaring and encourage gas utilization in Nigeria is the Nigerian Liquified Natural Gas Project(NLNG) train 7 project.
$10 billion Nigeria Liquefied Natural Gas Train 7 project, is expected to grow the NLNG plant capacity by additional eight million SCF of gas annually.
this project will help Nigeria to channel most of its flared gasses into a useful means of generating clean energy.
And with time the Nation can adopt Wireless energy Transmission in other to tackle issues such as the epileptic power supply in the country.
Allocation of Liquefied Petroleum Gas (LPG) to the domestic market
Speaking at the Nigeria-British Chamber of Commerce webinar themed, “Oil & Gas Downstream and Midstream Sectors – Way Forward,” the Managing Director, NLNG, Tony Attah, said the firm would increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350,000 metric tonnes (MT) to 450,000MT by 2021.
In his remarks, he said:
“We have helped to reduce flaring by over 65 per cent, and moved Nigeria from the second position to the seventh, having created the avenue to monetise gas.
This has also helped us to bring major earnings to the economy. We can become the fourth largest reserve of gas if we exploit and develop the over 600 trillion cubic feet (tcf) of gas yet to be explored”
By expanding and creating more, market for gas, the Nigerian government can better utilize its natural gas resources.
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