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ARTICLE · 11 NOVEMBER 2016

The Impending Gas Revolution

Perchstone & Graeys
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The renewed interest in gas is indeed commendable given that Nigeria has the 9th largest gas reserves in the world.

NigeriaEnergy and Natural Resources
Perchstone & Graeys
Perchstone & Graeys
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As Nigeria continues to battle an economic recession largely caused by the crash in global crude oil prices, the search for an alternative means of boosting the economy remains an important objective. Nigeria's overdependence on crude oil has caused many other sectors of the economy to suffer. One of such being the gas subsector. The constant neglect by past governments has prevented the development of thriving gas-based industries in Nigeria; such as petrochemical and fertilizer plants. This has remained so for a long while, notwithstanding that Nigeria has the ninth largest gas reserves in the world. Nevertheless, respite seems to be on the way as the Petroleum Industry Road Map recently released by the Federal Government seems to indicate a renewed interest in the development of the Nigerian gas subsector.

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