AllAfrica: Nigeria: Experts Call for Gas Revolution to Diversify Economy

Changing the paradigm of continuous gas flaring which has ranked Nigeria as the second largest Gas flaring nation after Russia and Iraq to a country that earns more revenue from gas that surpasses income generated from oil production, was part of the resolution of experts and participants across Nigeria, Africa and Europe who attended the 32nd edition of National Association of Petroleum Explorationists (NAPE ) held in Lagos over the week end.

They called for the fast-tracking of gas revolution agenda as part of the agenda to diversify Nigerian Economy through promoting gas exploration and development that generate more revenue for the development of Nigerian economy.

The theme of the conference was: "Driving an Executable Gas flare-out agenda for Nigeria's Oil and Gas Industry", with the sub -themes: "Flare Elimination in the Running of Mature Oil & Gas Fields", "Monetizing Gas The Pioneers Experience", " Indigenous Participation and Partnering to Deliver Gas to an IPP Gas Aggregator as a tool to Eliminate Flaring in Nigerian Oil Fields", "Gas Infrastructure Development Challenges ", and "International Perspectives of the Nigerian Gas Master Plan". The experts noted that Nigeria is the seventh largest oil producer in the world , the largest oil and gas producer in Africa, with an estimated oil production capacity of over 2.9million barrels per day , sas reserve of about 187 trillion cubic feet.
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