Nigeria is deemed to have more potential in gas than oil, with over 202 trillion cubic feet in proven gas reserves. With the current global move towards clean energy, it is no gainsaying that the future of the country, particularly its aspirations for industrialisation, socio-economic development and sustainable power generation may largely depend on harnessing this gas potential.
However, despite the opportunities along the entire upstream, midstream and downstream value chain of the energy
sector, gas development in the country today stands at just about 25% of the proven reserves. Issues such as overregulation, pricing, failure of contracts and uncertainty in the political and economic landscape of Nigeria, have been identified by stakeholders as key factors which militate against domestic gas utilisation for economic growth.