Greenville for Domestic Market
- Greenville for Domestic Market
Nigeria is blessed with massive reserves of associated and non-associated gas, estimated in excess of 160 trillion
cubic feet. It is ranked amongst the 9th largest in terms of proven natural gas reserves in the world, and its natural gas reserves /
production is estimated at 109 years. About 70% of gas is flared in Nigeria.
Nigeria has one of the lowest net electricity generation per capita rates in the world.
In a population of about 170 million, less than 65% currently have access to electricity.
Nigeria is among the most important producers of LNG in the world. The considerable current demand on power and
poor services forces large part of factories to resort to the self-generation at a high cost.
Greenville will set up adequate number of strategically located LNG & CNG refuelling stations to cater to vehicles fuelled by LNG or
Nigeria produces about 22 Million Tons of LNG but not a drop of LNG is used in the domestic market.
Most regions of Nigeria are currently excluded from the pipeline network for distribution of natural gas (NG); therefore the availability of
LNG in replacement of NG would benefit particularly the gas deprived regions for their economic and social development.
A vibrant domestic LNG fuel industry can provide the following community benefits
- Balance of Trade benefits through reduced oil importation.
- Fuel security.
- Reductions in greenhouse gas emissions and related environmental benefits.
- Increase in power generation by releasing stranded capacity of completed gas to power plant located outside existing gas pipelines and
supplying LNG fuel
to power self-generating factories .
- Create the balance on energy price between the pipeline connected areas and the other areas of the country. It will immediately bring
relief to some industries
such as textile, cement and other big users of AGO, that are no longer competitive because of high price of energy produced using AGO.