<p class="wp-block-paragraph">Nigeria’s ;gas reserves ;have increased by 7.3 per cent from 187 trillion cubic feet (tcf) to 200.79 tcf in 2019.</p>



<p class="wp-block-paragraph">This was the revelation of the Director of Department of Petroleum
Resources (DPR), Mordecai Ladan at a technical workshop with the theme: “Gas
Utilisation in Nigeria: Challenges, Opportunity and Outlook,” organised by
Society of Petroleum Engineers (SPE), Lagos branch, in Lagos last week.</p>



<p class="wp-block-paragraph">Ladan, who was represented by Deputy Manager, Gas Division of DPR,
Mr Olawale Ogunsola, said, “national gas reserves rose to 200.79 trillion cubic
feet as at January 1, 2019 and that is what should be quoted going forward.”</p>



<p class="wp-block-paragraph">He said Nigeria was considered as a gas producing nation because
of its potential unproven of gas reserves which were more than its crude oil
reserves.</p>



<p class="wp-block-paragraph">On the world’s oil reserve,  ; ;it was
estimated to be below 2 trillion barrels in 1981, then slightly above 2
trillion barrels by 1990, and as of 2013, it was estimated to be six trillion
barrels.</p>



<p class="wp-block-paragraph">The director said the country’s daily gas production stood at 1.2
billion standard cubic feet (scuf) with 41 per cent of the daily production
exported while 48 per cent went to domestic market, and 11 per cent was being
flared.</p>



<p class="wp-block-paragraph">“We have got greater potential if we are to increase the volume of
gas reserves growth. It is very strategic to keep growing the reserves in order
to boost export.</p>



<p class="wp-block-paragraph">“We found our gas reserves by accidental exploration. So, a
dedicated gas exploration is very important and that’s part of the regulatory
initiatives of the DPR.</p>



<p class="wp-block-paragraph">“It is also important to boost domestic gas supply to boost power
supply.</p>



<p class="wp-block-paragraph">“DPR will keep working with industry stakeholders to meet gas supply
obligations and always crave for your cooperation,” he said</p>



<p class="wp-block-paragraph">Ladan said there was need for collaboration among industry
stakeholders to ensure effective market operations in the sector.</p>



<p class="wp-block-paragraph">He urged all operators to support the Federal Government’s plan to
end gas flaring by supporting the ;Nigerian Gas Flare Commercialisation
Programme (NGFCP).</p>



<p class="wp-block-paragraph">“The NGFCP is designed as the strategy to implement the policy
objectives of government for the elimination of gas flares with potentially
enormous multiplier and development outcomes for Nigeria.</p>



<p class="wp-block-paragraph">“The objective of the NGFCP is to eliminate gas flaring through
technically and commercially sustainable gas utilisation projects developed by
competent third party investors,” he added.</p>



<p class="wp-block-paragraph">The director said the investors would be invited to participate in
a competitive and transparent bid process.</p>



<p class="wp-block-paragraph">He said: “the commercialisation approach has been considered from
legal, technical, economic, commercial and developmental standpoints.</p>



<p class="wp-block-paragraph">“It is a unique and historic opportunity to attract major
investment in economically viable gas flare capture projects whilst permanently
addressing a 60 year environmental problem in Nigeria.”</p>

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