NUPRC: Nigeria may face gas supply shortfall in 2030

Oct. 4, 2024 - TheCable

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria may experience gas supply crisis with a potential shortfall of 3.1 billion cubic feet (bcf) per day by 2030.

Gbenga Komolafe, chief executive officer (CEO) of NUPRC, spoke during the Association of Energy Correspondents of Nigeria (NAEC) conference on Thursday. “Between 2020 and 2030, demand for gas is expected to grow at a compound annual growth rate of 16.

6% p.a.

and Nigeria may face an impending gas supply crisis with potential shortfall of 3.1 bcf/day by 2030 in the ‘Base Case Demand and Supply’ scenario,” he said.

According to the NUPRC CEO, the investment will ensure more gas would be available for domestic utilisation as liquefied petroleum gas (LPG), feedstock for power generation plants, fertiliser plants, and petrochemicals...