Chevron’s success story in Nigeria’s gas development’

Chevron’s success story in Nigeria’s gas development’

The development of Nigeria’s vast gas resources has been one of the major policy thrusts of successive governments in Nigeria. It is worthy of note that Nigeria is blessed with resources for growth and global competition in gas.

According to the Department of Petroleum Resources (DPR), Nigeria has the largest gas reserves in Africa and is ranked 9th globally – Current estimates put its proven reserves at about 200 (Tcf) and 600Tcf unproven. Nigeria has a robust and rapidly evolving demand base.

Through the National Gas Policy (NGP) and the Nigerian Gas Master Plan, the FGN continues to focus its efforts to unlock the vast gas resources through reducing gas flaring, increasing domestic supply and utilization, while diversifying Nigeria’s economy.

In Nigeria, Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL ranks high among some corporate bodies that play a leading role in gas development in the country.

CNL has continued to receive accolades for its contributions to gas development in support of the Government’s gas development objectives. In February 2018, at the Nigerian International Petroleum Summit (NIPS) in Abuja, Chevron received an award as the greatest contributor of domestic gas in Nigeria.

Chairman/Managing Director of CNL, Mr Jeff Ewing explained that CNL has contributed immensely to the Nigerian government’s gas master plan through the various gas projects it has embarked on and that the company is the highest contributor of high-quality gas to the domestic market in Nigeria.

Also, according to the Department of Petroleum Resources (DPR), CNL supplies about 40% of Nigeria’s domestic gas consumption and the company is one of the highest contributors of high-quality domestic gas in Nigeria.

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