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Nigerian Gas Policy
Dr.
 
Adeoye AdefuluOdujinrin
 
& 
 
Adefulu
 
arr s ers,
 
o c ors
 
o ar es
 
u cLagos
 
– Abuja
 
– Port
‐
Harcourt
 
Back round
•
Nigeria
 
has
 
an
 
estimated
 
182
 
TCF
 
of 
 
proven
 
natural
 
gas
 
reserves;
•
7
th
largest
 
natural
 
gas
 
reserve
 
holder
 
in
 
the
 
world;
•
Hi h
 
rade
 
ualit :
 
0%
 
sulphur
 
&
 
rich
 
in
 
NGLs
Odujinrin
 
&
 
Adefulu
estd.
 
1972
21/09/2009 2
 
Back round
 
contd.
•
Most
 
gas
 
discoveries
 
have
 
been
 
made
 
in
 
the
 
rocess
 
of 
 
ex lorin
 
for
 
oil;
•
Nigeria
 
is
 
globally
 
the
 
No.
 
1
 
gas
 
flarer
 
:
 – 
 
o
 
ger as
 
annua
 
pro uc on
 
s
 
are ;
 – 
The
 
country
 
accounts
 
for
 
12.5%
 
of 
 
the
 
gas
 
flared
 
in
 
the
 
world
 
(Source:
 
World
 
Bank).
•
The
 
current
 
le al
 
and
 
fiscal
 
framework
 
for
 
the
 
petroleum
 
industry
 
is
 
geared
 
towards
 
oil
 
Odujinrin
 
&
 
Adefulu
estd.
 
1972
 
focus
 
on
 
gas
21/09/2009 3
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