Nigeria's untapped gas potential hits 600 tcf
Nigeria's current undiscovered gas potential is 600 trillion cubic feet (tcf), the Nigerian National Petroleum Corporation (NNPC) has said.
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.
According to him, 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 1400 mmscfd to barely below 700 mmscfd.