Stakeholders have raised alarm over the non-utilisation of the 188 Trillion Cubic Feet (TCF) of Nigeria’s gas reserves, with a large portion of it regarded ‘stranded’.
Stranded gas is essentially commodity is wasted or unused. Estimates of remote or stranded gas reserves range from 40 to 60 per cent of the world’s proven gas reserves.
Specifically, the stakeholders called on the Federal Government to work towards replacing crude oil with gas resources as part of the strategies to diversify the economy.
The industry operators, who gathered at the 16th yearly general meeting of the Nigeria Gas Association on Wednesday, believed that the creative administration of cutting-edge technology, integrated development and application of natural gas infrastructure would be key enablers for Nigeria’s gas industry to realise its full potential.
