By Prince Okafor
With the increasing demand for natural gas in the country, the Nigerian National Petroleum Corporation, NNPC, has projected that the nation’s demands of the product would rise to 23 billion cubic feet per day.
This projection was made by the NNPC’s Group Managing Director, Mele Kyari, at the just concluded 15th Oil Trading and Logistics, OTL, Africa Downstream Week in Lagos.
Energy Vanguard gathered that the country produces 3,009,650.25 million cubic feet (MMcf) of natural gas per year, ranking 12th in the world.
The current supply to the domestic market was about 8bcf/d to power, 0.77bcf/d to industries, and 3.2bcf/d for export through the LNG and the West Africa Gas Pipeline (WAGP), while about 54bcf/d was flared.
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Speaking on the theme of the conference “Downstream in Transition: Getting Set”, the NNPC helmsman said that the country would need a refining capacity of…
Source: Vanguard Newspaper