Nigeria may face a gas supply shortfall of 3.1 billion cubic feet daily by 2030, warns the Nigerian Upstream Petroleum Regulatory Commission.
Nigeria could face a severe gas supply crisis by 2030, with an expected shortfall of 3.1 billion cubic feet per day, according to Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Speaking at an energy conference in Lagos, Komolafe highlighted that gas demand is projected to grow at an annual rate of 16.6% over the next decade, putting immense pressure on supply.
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He noted that the energy landscape is rapidly shifting due to climate change commitments, leading to reduced investments in oil and gas.
This shift towards a sustainable, low-carbon future has heightened the challenge for countries like Nigeria, which depend heavily on oil and gas.
Despite this, Nigeria has positioned natural gas as its immediate transition fuel, given its lower greenhouse gas emissions compared to oil and coal.
Komolafe emphasised that gas will play a critical role in Nigeria’s energy future, as outlined in the Nigeria Energy Transition Plan.
The government declared 2021-2030 as the “Decade of Gas”, aiming to use gas for industrial development and energy security.
However, without strategic investments and careful management, Nigeria could face severe energy shortages.
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