In global ranking, Nigeria is the ninth country with the largest gas reserves, and first in Africa with about 202 trillion cubic feet of natural gas. The country’s current gas production is about 8.5 billion standard cubic feet per day. To this end, there is more than $50 billion worth of investment opportunities in the gas value chain.
By embracing natural gas, sub-Saharan Africa is taking advantage of cleaner and easier access to energy; efficient power generation for local industrial and commercial use; and reduction in the cost of production of goods. Ultimately, natural gas has the potential to take countries in the region from the status of frontier markets to fully developed economies.
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