Tag
NATURAL GAS
Nigeria, often called the "Giant of Africa," possesses one of the world's largest reserves of natural gas, with over 208.83 trillion cubic feet (Tcf) of proven reserves – Nigeria: proved natural gas reserves 2023 | Statista.
In Nigeria's industrial sector, the persistent challenge of energy reliability and soaring energy costs have remained the big elephant in the room, severely impacting production efficiency and profitability.
Ekperikpe Ekpo, the Minister of State for Gas, has said that the Federal government secured an agreement with Shell (SHEL.L) to supply gas to its planned $3.8 billion methanol plant in Brass, Bayelsa State, clearing a significant obstacle for the final investment decision on the project.
The Federal Government has announced plans to establish a Compressed Natural Gas (CNG) park at Ajaokuta Steel Company in Kogi.
IPMAN urged the Federal Government to adopt its infrastructure for effective and accelerated implementation of CNG project.
In response to its current energy shortage, China is actively seeking liquefied natural gas (LNG) in the market, as per Bloomberg reports.
In the past month, Nigerians have been actively exploring the possibility of converting their vehicles to operate on natural gas due to a significant increase in fuel prices.
According to him, natural gas is necessary to ensure that energy needs are adequately met
The Federal Government says a number of factors beyond its control led to the current situation in which the cost of fertiliser has increased in recent times.
The Federal Government has finalized a report on the adoption of Compressed Natural Gas (CNG) based Transportation System in Nigeria’s urban cities.
The recently released foreign trade report by the National Bureau of Statistics showed that Nigeria exported goods worth N7.41 trillion in the second quarter of 2022.
Nairametrics compiles a list of Nigeria’s top exports in the first quarter of the year.