Guardian: Nigeria's natural gas reserves - ninth largest globally

Nigeria's natural gas reserves are the ninth largest, globally, and the biggest in Africa. Citing the Oil and Gas Journal, the U.S. Energy Information Agency puts proven holdings at roughly 182 trillion cubic feet.

In 2012, Nigeria ranked 4th in Liquefied Natural Gas exports, accounting for over eight percent of the world total.

"In energy terms," writes Omosomi Omomia, in Business Day, "thequantity of natural gas in Nigeria is said to be more than twice the quantity of crude oil...Consequently, petroleum experts often describe Nigeria as a natural gas province with some oil in it".

At current rates of exploitation, Omomia says, Nigeria's gas depositscould last up to 120 years, compared with 42 for oil. Consider as well, that Nigeria also has the second highest rate of wastage, after Russia--withflared gas amounting to 10 percent of worldwide burn-offs.
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