Hawilti Natural Gas
Nigeria has chosen gas as its key transition fuel and named the 2020- 2030 period as “Decade of Gas” in a bid to monetize its 208 Tcf of gas reserves to drive industrialization, create jobs, and generate revenue. However, gas production continues to stagnate and most gas produced in the country is still reserved for exports, flared or re-injected.
The new administration is on a mission to change that and is implementing several reforms to grow gas production and consumption. Following the signing of the Electricity Act in 2023 and the removal of gasoline subsidies, Nigeria now offers a level playing field for any stakeholder willing to invest in the gas value-chain, with significant opportunities from upstream to downstream gas.
Recent policy interventions and private sector investment are domesticating compressed natural gas (CNG) and liquefied natural gas (LNG) while supporting the expansion of virtual pipelines networks. In 2023, President Bola A. Tinubu notably launched the Presidential CNG Initiative to grow CNG infrastructure and consumption after the removal of gasoline subsidies.
The Tetracore Energy Group, a fast-growing gas and power solutions provider based out of Nigeria, has launched a unique graduate management training program in Lagos.
Wale Yusuff, the Managing Director of Wärtsilä in Nigeria, explains how businesses operating in energy-intensive industries like cement or steel are investing in flexible engine technologies to secure reliable and efficient power.
By the end of its Decade of Gas in 2030, Nigeria needs to have brought gas to all its state capital cities if it wants to truly spur industrialization, ND Western CEO Eberechukwu Oji said in Abuja.
Increasing LNG availability in Nigeria will support new sustainable development models for Nigerian industries
Ken Etete, Group CEO at the Century Group, explains how the company is expanding Nigeria’s domestic gas value-chain and is committed to incentivizing the switching from diesel to gas across sectors such as manufacturing and transport.