Published in Oil and Gas
Natural gas also known as fossil gas is a naturally occurring hydrocarbon gas mixture consisting of methane and commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.
November 30th, 2021
Natural gas also known as fossil gas is a naturally occurring hydrocarbon gas mixture consisting of methane and commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.
As the conversation of transitioning to clean energy gathers momentum across almost all countries of the world, natural gas can be a very powerful energy source in the fuel transitioning process.
According to World Population, Nigeria’s gas reserves are over 5,475 billion cubic meters making Nigeria one of the top ten (10) countries in terms of proven gas reserves.
If the country is serious about its commitments to a cleaner and better environment, it’s natural gas reserves offer perhaps the most potential for a smooth transitioning from other environmentally harmful fossil fuels.
Nigeria’s recalcitrant infrastructural challenges could however prove its biggest limitation to harnessing its natural gas reserves.
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Today, a new generation of Nigerians live through the country’s prolonged battle with two of its biggest socio-economic deficiencies – a protracted housing deficit and recurrent budget deficits.
A recent review of the 2019 Auditor General’s report by Dataphyte reveals that there was an unexplained net change of N668.162 billion in reserves of the consolidated statement of changes in net assets and equity.
Leading Media research and data analytics organisation, Dataphyte has released its maiden Dataphyte Advisory Note titled “the Nigerian post-oil Economy Advisory Note.
Natural gas also known as fossil gas is a naturally occurring hydrocarbon gas mixture consisting of methane and commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.
