Nigeria Set to Become World's Second Largest Supplier of LNG

Source:

". . .the domestic market is expected to see an unprecedented growth in utilization."

Nigeria, rich with an estimated 186 trillion standard cubic feet (tscf) of gas, and rising investments in gas production is well on its way to becoming the world's second largest liquefied natural gas supplier, after Qatar.

The Nigerian Liquefied Natural Gas (NLNG) project has also expanded to six trains since the first train came into operation in 1999, while the seventh train is awaiting Final Investment Decision (FID). Other projects like Brass, Olokola and other third-party LNG projects are also awaiting FID.

The Special Adviser to the President on Petroleum Matters, Dr. Emmanuel Egbogah, who made this known, said "Nigerian LNG has a total installed capacity of 22 million metric tons of LNG per annum. In addition to the Nigerian LNG, other LNG projects such as the Brass, Olokola and other third party LNG plants are awaiting final investment decision, which is dependent on resolution of gas supply issues. The Brass and OKLNG facilities when completed, will add more than over 30 million metric tons of additional LNG capacity for export."

He said on a regional front, Nigeria is well positioned and ready to supply gas to the West African Gas Pipeline (WAGP) Project, which was conceived with the objective of delivering Nigerian gas to the West African sub-region when it fully begins operation soon. The over 550 kilometer-pipeline is now ready to deliver gas to Ghana, Togo and Benin.

Egbogah noted that the Nigerian domestic gas market was "today witnessing one of the most significant transformations from a very low level of utilization of about 500 million cubic feet per day a few years back in 2000; the domestic market is expected to see an unprecedented growth in utilization."

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