The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has cautioned that Nigeria may face a gas supply shortfall of 3.1 billion cubic feet per day (bcf/d) within the next six years unless urgent steps are taken to upgrade gas infrastructure and increase investments in renewable energy.
According to him, the current growth in gas demand surpasses supply, primarily due to the rise in domestic demand, which has been facilitated by improvements in domestic supply obligations.
However, he noted that this would still fall short of meeting the projected ‘high case demand’ scenario, which is estimated at 22.
2 bcfd by 2030.
He said, “In just a decade, the demand landscape could change exponentially, especially if the power sector challenges are resolved.
Stakeholders at the event estimated that the country would require annual investments of approximately $20 billion to address its infrastructure deficit...
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