Nigeria’s Natural Gas reserves has been on the incline from 2013 and is projected to continue to grow at a conservative rate of about 1.0%, the country’s Department of Petroleum Resources (DPR) has reported.
In 2018, gas development picked up to six (6) Non-Associated Gas (NAG) development plans from two (2) NAG development plans in 2017, the agency states in the most current annual report of the industry, released January 2020.
The growth, it argues, is attributable to growing commitments to gas projects.
The Domestic Supply Obligation (DSO) performance was about 48.0%. The national gas capacity performance for 2018 was about 80.0% with an average 1.3Billion standard cubic feet of gas per day (Bscf/d) gas delivery to the domestic market.
Overall, gas utilization in the country for 2018 shows the export market accounting for 41%, field/plant use accounts for 32%, domestic market is about 13.6% and flared gas is 11%.
DPR says in the report that “the zero routine gas flaring target in 2020 is vigorously being pursued by the Department. The impact of regulatory instruments such as Flare Gas (Prevention of Waste and Pollution) Regulations 2018 would undoubtedly facilitate the attainment of the zero-flare elimination target and improve gas utilization in the coming years”.
The Department continues to drive the on-going implementation of the Nigerian Gas Transportation Network Code (NGTNC), it explains. “The review of the Network Code licensing framework and development of all its ancillary agreements have been firmed”, the report says. The formal, special launch of the NGTNC is scheduled for Monday, February 10, 2020, on the opening day of the Nigerian International Petroleum Summit.