Nigeria’s proven natural gas reserves stood at 206.53 trillion cubic feet, as at January 1, 2021.
The Director, Department of Petroleum Resources, Mr Sarki Auwalu, disclosed this on Thursday in Abuja at the ‘2021 Nigeria International Petroleum Summit.’
The figure represents an increase of 3.37tcf, or 1.66 per cent over the 203.16tcf recorded in the corresponding year of 2020.
“Nigeria’s Natural Gas Reserves as at January 1, 2021 stands at 206.53tcf. Associated Gas is 100.73tcf and Non-Associated Gas is 105.80tcf, making a total of 206.53tcf,’’ Auwalu said.
According to him, the recent award of 57 marginal oilfields to indigenous companies is one of the strategies to increase participation in the country’s oil and gas industry.
“Government will support indigenous and marginal field operators to grow, share and enhance participation in the sector for wealth and value creation,’’ Auwalu added.
The country’s President, Muhammadu Buhari, had on March 29 this year declared the ‘Decade of Gas Initiative,’ aimed at transforming the country to a gas-powered economy by 2030.
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