TheCable

The Department of Petroleum Resources (DPR) says Nigeria’s proven natural gas reserve stood at 206.53 trillion cubic feet (tcf) as at January 1, 2021.

Sarki Auwalu, director of DPR, disclosed this at the 2021 Nigeria International Petroleum Summit in Abuja on Thursday.

Auwalu said the new figure represents a marginal increase of 3.37tcf, representing 1.66 percent increase over the 203.16tcf recorded in the corresponding date of 2020.

“Nigeria attained the target of 200tcf of natural gas reserves by the reserve declaration as at January 1, 2019, before the 2020 target,” he said.

“Thereafter, government set a target to attain a reserve position of 2020tcf by 2030.

“As a department, we have continued to drive industry performance to grow reserves via dedicated gas exploration, deep drilling, optimal appraisal, field studies and improved oil recovery.

“It is, therefore, my pleasure to formally declare the national gas reserves position as at January 1, 2021 at this important forum.

“Nigeria’s natural gas reserves as at January 1, 2021 stands at 206.53tcf. Associated gas is 100.73tcf and non-associated gas is 105.80tcf, making a total of 206.53tcf.”

Auwalu said Nigeria is positioned to optimally develop its oil and gas resources for the benefit of its citizens.

He added that indigenous operators have a significant role to play in improving the gas sector.

“Government’s aspirations and policy thrust of the “Decade of Gas” underpin the drive for investments across the value chain.

“Government will support indigenous and marginal field operators to grow, share and enhance participation in the sector for wealth and value creation.”