History Of Nigeria Gas Company

Google+ Pinterest LinkedIn Tumblr +

Nigeria is ranked 9th in the world’s highest gas reservoir countries and second in Africa after Algeria. Most of the gas however, occurs in association with oil hence the high daily production of the commodity in excess of what could be conveniently consumed or profitably harnessed.

Nigerian natural gas reserves as at 1st May, 1998 was estimated to be about 120 trillion cubic feet, with a life index of 92 years at a gas depletion rate of 1. 03% per annum. This was twice the total crude oil reserve of the country at that time. Currently, Nigeria’s Natural Gas reserves are estimated to be in the region of 140TCF with up to 45TCF as yet untapped in recoverable reserves.

Regarded as one of the best in the world, Nigeria’s Natural Gas is not high in Hydrogen Sulphide (H2S) or Carbon Dioxide (CO2) impurity levels to marketing. Despite this advantage gas flaring (estimated at 2. 2 Billion Naira/ Day). Constitutes, to date, a phenomenal wastage in Nigeria’s resources.

The Nigerian Gas Association is the professional body responsible for the promotion and protection of the interests of the gas industry in Nigeria.

Formed in 1999, the NGA’s initial membership came from the primary gas production and utilization companies in Nigeria. The earliest members include the Nigerian National Petroleum Corporation (NNPC), the Shell Petroleum Development Company (SPDC), the Nigeria Liquefied Natural Gas Limited (NLNG), Chevron Nigeria Limited, the Nigerian Gas Company (NGC), Elf Petroleum, Mobil Producing Nigeria, the Nigerian Agip Oil Company (NAOC) and Conoco Energy Nigeria Limited.

The NGA has since grown to encompass the entire gamut of stakeholders and operators in the Nigerian gas industry – from gas producers, to transmitters, gas industry service providers, students, members of the academia and government. The association presently has over 40 corporate members, 800 individual professional industry members, and more than 100 student members. The NGA is also a full chartered member of the International Gas Union (IGU), representing Nigeria on the Council of the global gas body.

The Nigerian Gas Association (NGA) is run by a council of elected officers who serve for a single term of two years. The Association’s elections usually hold just before the commencement of its Annual General Meeting (AGM). The Association also has a functional secretariat that is staffed by competent administrative personnel to provide members and non-members with information and other support activities as required.

Share.

About Author

Leave A Reply

Open

Close