On Monday, The Federal Government announced that Nigeria’s domestic gas supply rose from 50.66 per cent in 2020, to 64.8 per cent in 2021. The growth realised is about 14.14 per cent estimate, and The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, made this known at the 2023 Domestic Gas Demand Requirements Workshop in Abuja.
Farouk added that there was about 5.9 per cent to 250 million standard cubic feet per day in 2022, in Nigeria’s gas demand. The 14 per cent growth in 2021 is as a result of efforts put in from the regulator and stakeholders, to boost the market’s performance. He further highlighted that even though there was a boost in 2021, there are still some challenges experienced by the domestic gas market. Some of these challenges include outstanding legacy debts of gas supplied to the power sector, poor contracts performance, infrastructural capacity constraints, low investment funds flow, and many others.
The Manager, Gas Production and Flare Monitoring of the Nigerian Upstream Petroleum Regulatory Commission, Jennis Anyanwu, said that Nigeria can meet the deadlines set for the Decade of Gas. He also said that a lot was put in place to ensure that Nigeria would meet the 12.2 billion standard cubic feet of gas target, as set in the Decade of Gas initiative of the Federal Government.
