NOG FEATURESLiquefied Natural Gas (LNG) account forthe majority of export and it is expectedto increase from 32bcm to 41bcm by2030. Pipeline gas exports were 0.8bcmin 2019 and are likely to increase to3.5bcm by 2030. The Nigerian gaspotentials are 10 times the potentials ofoil. Gas as a fuel source createsenormous opportunities and productsthat can be deployed which include gasas an energy source, and gas as afeedstock (Petrochemical). It can alsobe used for the production of highvaluefuels and chemicals such asmethanol, ethanol, gasoline, and dieseloxygenated fuel blend.To properly harsss these gas resources,the NOG panelists stated that there isneed for partnerships across efficiency,partnerships across financing, andpartnerships across security arefundamental going forward.In their words,“The recent marginalfield bid round willhelp to increase thecountry’s productioncapacity,adding that more bid rounds need tofollow.“The Federal Govtshould give specialconsideration tomarginal fieldoperators whilesharing OPEC quota.Government should back the industryfinancially to stay afloat, rather thanwatch companies, particularlyindigenous companies, struggle forsurvival."Oil and gas companies should see theirhost communities as partners inbusiness. There should be collaborationamong companies operating within thesame area to reduce operational cost."Oil and gas companies need toincrease their cash reserve and spendEd Ubong. President of the NGA and Managing Director of Shell Nigeria Gason only important elements around theiroperations".Speaking on ‘Developing the Domestic GasMarket to Deepen Gas Utilization’ incountry,they commented: "Pipelineinfrastructure is the key enabler for creatingmarket for gas. More investments areneeded in the area of infrastructure."Considering the current security situationin the country, adequate attention isneeded in the area of security to accelerategas development in the country".However the panelists explained that gassupply constraints stands as one of themajor challenges facing power generationcompanies and responsible for the drop inpower generation in the country.They revealed that out of 160 licencesissued by the Nigerian Electricity RegulatoryCommission (NERC) to power generationcompanies, only 25 are currentlyoperational.Speaking further, the panelists urged theNigerian National Petroleum Corporation(NNPC), which has 60 percent of JVs (JointVenture), to take up gas obligations forpower generation companies."There is currently lots of interest in theupstream sub-sector on gas development inthe country and which presents a flexibleoptions for collaboration, which is creatingnew businesses around the mid-stream.“There is a huge market for gas in thecountry. For the gas market to move fromwhat it is today to what it should be, thereshould be a willing buyer- willing sellerscheme."The National Gas Flare CommercializationProgramme (NGFCP) will help to turn flaredgas to economic element that the countrywill benefit from.In an exclusive interview with The EnergyRepublic, ED Ubong, Managing Director ofShell Nigeria Gas, and President ofNigerian Gas Association, furtherexplained that the market for Nigeria’s gas issubstantial both in the domestic andexports market.He hinted that The Nigerian Gas Associationis collaborating with the government and itsindustry partners to unlock the potential inthe gas value chain and create an enablingenvironment for the Nigerian gas sector tothrive. This will yield lots of economicopportunities."The NGA is working with its stakeholdersto accelerate gas sector developmentacross seven thematic areas: unlocking thedomestic gas to power value chain;accelerating infrastructure developmentincluding virtual pipelines; driving gasbasedindustrialization; deepeningdomestic LPG penetration, building astable regulatory environment anchoredon a willing buyer-willing seller pricingregime; growing the export and regionalg a s m a r k e t , b u i l d i n g l o c a lcapacity/content for contractors andprofessionals in the gas sector," he added36Funding The NigerianMix For Sustainable Economic GrowthTHE ENERGY REPUBLIC I SPECIAL EDITION
PHOTO STORIES FROM NOG CONFERENCE 2021