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ARTICLE · 23 MARCH 2021

A Comparative Analysis Between Pioneer Industry And Downstream Gas Utilization

From regularly updated records, Nigeria is endowed with abundant gas wealth which remains largely untapped. According to the Department of Petroleum Resources (DPR)...

NigeriaEnergy and Natural Resources
Jerome Okoro
Jerome Okoro

INTRODUCTION

From regularly updated records, Nigeria is endowed with abundant gas wealth which remains largely untapped. According to the Department of Petroleum Resources (DPR), Nigeria's proven natural gas reserve as at June, 2020 is 203.16 Trillion Cubic Feet.1 The above figure, as stated by DPR, marks a marginal increase of 1.16 Trillion Cubic Feet in proven natural gas reserves representing 0.57 percentage growth from the previous 202 Trillion Cubic Feet recorded in January 1, 2019.2 This abundant gas reserve has earned Nigeria the appellation of "a gas province with some oil in it."3

Ironically however, petroleum operations in Nigeria concentrate on oil extraction, while gas is virtually treated as a distraction. The larger volume of the gas encountered by the upstream oil companies, is flared by a process of burning into the atmosphere. Several measures initiated to curb gas flaring, in the mode of regulation and penalization have proved mostly weak and

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