Opinion
Exploiting Nigeria’s Gas Potentials
The need to promote re
newable energy sources is again becoming very topical. Governments of gas producing/exporting nations are also becoming increasingly aware of the importance of the environmental factor in relation to emissions of greenhouse gases and particularly carbondioxide (Co2). More concrete scientific evidences and uses are evolving about the greenhouse phenomenon, so much so that exporting countries across the globe are thinking of stabilising their greenhouse gas emissions.
The just-concluded 21st session of Conference of parties in Paris and the 17th Ministerial Meeting of Gas Exporting Countries Forum (GECF) in Tehran, Iran, concentrated on the energy sector, which produces 60-70 per cent of the greenhouse gas emissions, and especially on improved efficiency and substituting fossil fuels. Nigeria and 150 other countries across the globe have continued to make commitments towards the reduction of harmful gaseous emission into the atmosphere and in readiness for climate change adaptation. They now see the need to adopt practices that would minimize and prevent damage to the environment by taking advantage of renewable energy sources to promote and preserve their natural resources and also reduce emission of harmful gases.
Nigeria in particular, is taking appropriate steps to turn its abundant gas resources into veritable catalyst for development as the nation’s gas potential might be in excess of 600 trillion cubic feet. The steps are being taken because natural gas is fast evolving as the fuels of choice for sustainable development in view of its impressive suitability for environmental production and lower cost of supply in comparison with fossil fuels. The stability of the energy and financial market is critical to ensuring investments in current and future natural gas projects. This is why the leadership of the GECF should take appropriate steps towards sustaining the pricing of gas at the international market for the benefit of member countries.
Advancing renewable energy in Nigeria was the focus of the first ever meeting of the United States and Nigeria bi-national Commission’s Energy and investment Working Group held on June 10-11, 2010 at the State Department. The US and Nigeria signed joint communiqué on renewable energy in which the US pledged to do all it could to assist Nigeria achieve a greater level of energy independence, which is key to its long-term economic growth and development. Electric power is essential to Nigeria’s economic growth and development. There is need for reform in fundamental areas in Nigeria such as electric power, gas, energy efficiency, renewable energy, power generation, transmission as well as distribution and gas supply.
The Nigerian government must ensure a change in the country’s power sector and do what is needed in order for efficient and effective electricity supply to be delivered to Nigerians in an affordable way. To achieve such a change, there should be the introduction of new market pricing, cost-recovery tariffs and a clear regulatory and institutional framework that will allow investors to make investments with the engagement of independent power producers. There is also need to involve private investors in the petroleum sector as part of the reform process, to ensure increased transparency in that sector.
It is imperative that the GECF plays a significant role towards energy security by driving the formulation of a sustainable pricing mechanism that will guarantee fairness for both producers and consumers. The forum should also foster technical and economic cooperation among member states.
Nigeria remains the hub for national gas supply in West African sub-region with the construction of 681 kilometer West African Gas Pipeline which currently transmits gas from the country to neighbouring countries of Benin, Togo and Ghana. It is among the world’s top five exporters of Liquefied Natural Gas (NLG) and recently celebrated the 3000th export cargo milestone.
Similarly, the country has asserted regional prominence by becoming the hub for natural gas supply in the West African sub-region through its leadership role in the development of the 681 kilometer West African Gas Pipeline (WAGP). It has been rated as the second highest gas flaring nation in the world. This was revealed in a report entitled “after Bodo,” effective remedy and recourse options for victims of environmental degradation delated to oil extraction in Nigeria.
The publication which was issued by the centre for Environmental Human Rights and Development (CEHRD) in Port Harcourt, said that the country also accounts for over 10 per cent of total gas flared globally and lamented the lack of incentives for oil-producing communities in the country.
There is the urgent need for the Gas Exporting Countries Forum to deploy research and development initiative towards technology innovations in exploration and development processing, logistics and marketing for the benefit of member countries. Climate change is a unique irreversible, uniquely uncertain problem which needs global objective to limit global temperatures to 20c.
Nigerians need to be properly sensitised on the adverse effects of climate change despite the efforts and progress so far made in meeting the nation’s commitment to climate change mitigation. More efforts should be made towards reducing carbondioxide emissions as the GECF addresses the issues of contributions of member countries to greenhouse gas reduction. The forum must develop mechanisms to monitor commitments by member countries and ensure that universal and legally binding agreement is achieved and implemented.
It is understood that the gas industry is faced with some key challenges such as market volatility, increasing competition and price war, but these can be surmounted if the GECF under the leadership of Nigeria’s Minister of State for Petroleum Resources, Dr Ibe Kachikwu can encourage and support private investors in the industry. Given the world’s need for energy and the environmental credentials of gas as the cleanest hydrocarbon fuel, there is the hope that the market would rebounce.
It is believed that the GECF would have recorded some achievements since its inception in 2001, but what remains is for the member countries to fuel the impact of the achievement on their economies and development status.
Shedie Okpara
Opinion
Humanity and Sun Worship

Opinion
When Global Peace Hangs In The East

Opinion
Balancing Religious Freedom and Community Rights

Quote:”Communities have rights to peace, safety, and quality of life. Noise pollution, crowds, or other impacts from religious activities can affect these rights. Balancing these interests requires consideration and dialogue”.
-
Politics3 days ago
2027: Bayelsa APC Adopts Tinubu As Sole Candidate … As Lokpobiri, Lyon Shun Meeting
-
Sports3 days ago
GOtv Boxing Night 34 holds Dec. in Lagos
-
Sports3 days ago
WCQ: NFF Denies Post Match Statement
-
Politics3 days ago
Alleged Smear Campaign Against Yakubu, CSOs Demand Apology From Uzodimma
-
Politics3 days ago
2027: Jega Condemns Premature Campaigns, Blames Elected Officials
-
Politics3 days ago
Why INEC Can’t Punish Politicians For Early Campaigns – Yakubu
-
Politics3 days ago
Stopping Natasha’s Resumption Threatens Nigeria’s Democracy – ADC
-
Sports3 days ago
Gov. Decries Delta’s Poor Performance At 2025 NYG