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   Can natural gas boost economic growth in Nigeria?

   • Energy sector leaders and senior executives across the oil and gas industry converged on Abuja, Nigeria, for the hybrid conference and networking sessions. Conference attendees discussed how cultivating natural gas for the internal market could stimulate economic growth, improve Nigeria's energy mix, drive foreign investment and create jobs.

   Nigeria Focuses on Gas to Drive Future and Lift Economy

   www.ief.org/news/nigeria-focuses-on-gas-to-drive-future-and-lift-economy

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   Is Nigeria remaking its natural gas industry?

   • Nigeria has set the ambitious goal of remaking its natural gas industry in the coming decade, hoping to use its abundant gas resources to power its fast-growing economy as well as benefitting from a growing export business. To succeed, it will require foreign capital, hospitable policies and government-industry cooperation.

   Nigeria Focuses on Gas to Drive Future and Lift Economy

   www.ief.org/news/nigeria-focuses-on-gas-to-drive-future-and-lift-economy

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   What is natural gas used for in Nigeria?

   • Natural gas is the primary energy source for power generation in Nigeria, currently generating about 70% of Nigeria's electricity. It is also used by many industrial companies as a fuel for gas-fired generators. Natural gas is a primary ingredient for manufacturing fertiliser, plastics, petrochemicals, and fabrics in Nigeria.

   Natural Gas CNG Nigeria | Powergas Nigeria

   www.powergas.com/energy-solution

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   Can a Nigerian company invest in oil & gas?

   • According to the Nigerian oil and gas industry's legal framework, only citizens or companies incorporated in Nigeria can legally invest in activities such as oil exploration, drilling, storage, production, refining, and transportation under Section 2 (1) of the Act.

   Nigeria: Legal Framework And Requirements For Oil And Gas ... - Mondaq

   www.mondaq.com/nigeria/oil-gas-electricity/998566/legal-framework-and-requirements-for-oil-and-gas-investment-in-nigeria

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2. businessday.ng › energy › articleNatural gas is game-changer in Nigeria’s quest for energy ...

   businessday.ng › energy › article

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   Sep 12, 2023 · With its clean and reliable benefits, natural gas is fast morphing into a critical component of Nigeria’s quest for energy security. It provides a sustainable and environmentally friendly source of energy and is contributing to the country’s effort to diversify Nigeria’s economy which has been heavily dependent on oil.

3. Videos

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     How to Invest in Natural Gas: Understanding a Volatile Market

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     Why natural gas is so important, part two | Sustainable Energy

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4. www.mondaq.com › nigeria › oil-gas-electricityMid-Year Report On The Nigerian Gas Industry And Investment ...

   www.mondaq.com › nigeria › oil-gas-electricity

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   Jul 25, 2024 · As of January 1, 2023, Nigeria boasts 208.83 trillion cubic feet (tcf) of natural gas reserves, opening a large opportunity for investments in the upstream gas sector. A new target is being considered by the Federal Government of Nigeria to grow its gas reserves to 210 tcf by 2025 and to 220 tcf by 2030 with an upside potential of 600 tcf. 2

5. resourcegovernance.org › articles › how-nigerianHow the Nigerian Government Can Right Size Its Gas Ambitions ...

   resourcegovernance.org › articles › how-nigerian

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   Feb 2, 2024 · To manage the decade of gas to enable Nigeria to meet its domestic energy needs and foster economic growth while accounting for global energy transition, the Nigerian government should: Manage its gas ambitions. Regurgitating all previous gas plans’ ambitions within the context of global commitments to defund fossil fuel investments is ...

6. www.linkedin.com › pulse › embracing-natural-gasEmbracing Natural Gas: A Sustainable Energy Solution for ...

   www.linkedin.com › pulse › embracing-natural-gas

   Mar 3, 2024 · Investing in natural gas opens up lucrative opportunities for Nigeria to access global energy markets and capitalize on the growing demand for cleaner energy sources.

7. www.ief.org › news › nigeria-focuses-on-gas-to-driveNigeria Focuses on Gas to Drive Future and Lift Economy

   www.ief.org › news › nigeria-focuses-on-gas-to-drive

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   Mar 30, 2021 · Nigeria has set the ambitious goal of remaking its natural gas industry in the coming decade, hoping to use its abundant gas resources to power its fast-growing economy as well as benefitting from a growing export business. To succeed, it will require foreign capital, hospitable policies and government-industry cooperation.

8. unece.org › sites › defaultPositioning natural gas as fuel of choice for sustainable ...

   unece.org › sites › default

   At 39% share, natural gas is the dominant source of fuel for electricity in Africa, largely in N. Africa. Small (5%) but growing electricity generation from renewables (solar & wind), especially for off-grid/mini grid generation in the rural areas. Data: IEA WEO (2020), BP (2020) 44% .