The Nigerian National Petroleum Corporation, NNPC, has said that the nation’s current undiscovered gas potential is 600 trillion Cubic Feet, TCF.
The Group Executive Director/ Chief Operating Officer, Gas and Power Companies, NNPC, Engr. Saidu Mohammed, in a paper titled: “Re-Evaluating the Development of the Nigerian Gas Industry”, said that Nigeria has a huge economic potential trapped in its vast natural “Currently number 9th largest Proven gas reserves in the world”, he added.
He said despite the huge gas potential in the country, the sector has not been able to contribute significantly to power generation due to pipeline vandalism.
Muhammed said that gas supply to power increased significantly at the beginning of the year with a record peak power generation of 5079MW (80 per cent thermal generation) on February 2nd 2016.
He noted that due to the recent incessant willful attacks on the country’s gas pipeline, gas supply has significantly dropped from 1400mmscfd to barely below 700mmscfd.
“As we stand today, there is enough gas supply capacity to support a steady generation of 5500MW today but we are presently at an average of 2600MW due to pipeline vandalism”, he added.
Muhammed expressed government’s commitment towards the implementation of the gas master plan.He said that the aspirations of the Nigeria gas master plan were to reposition the country in the shortest possible time as a regional gas supply hub with concurrent presence in the domestic, regional and export market.
