Nigeria: Mirroring Gas Commercialisation Challenges Through Falcon Corporation

30 June 2015

Nigeria's economic growth is hinged on the development of her abundant Natural Gas resources. Without any doubt, harnessing the country's gas resources will be the real stimulant for economic growth and development. It will bring about an unquantifiable value to the economy, which include, achieving Nigeria's power aspirations, job creation, entrepreneurship and massive industrialisation.

Nigeria is said to be a gas country with little drops of oil. It is estimated that Nigeria has about 187 trillion cubic feet (tcf) of gas making it the seventh in the world in terms proven gas reserves. It is noteworthy that the gas reserves being touted are Associated Gas (AG), found while drilling for oil. The country has not actually given the required focus towards the actual drilling for gas. Experts believe that as a country, we do not really know the volume of gas resources the country is endowed with, and it is not improbable that dedicated gas exploration will unveil Non-Associated Natural Gas (NAG) reserves in the region of about 600 to 700 tcf. Despite the huge gas reserves, associated and non-associated, Nigeria has not been able to develop a robust gas industry.

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