ABUJA: Nigerian National Petroleum Corporation, has said that domestic demand for gas was expected to rise to over 10 billion cubic feet per day by 2020.
This was contained in the 2014 last quarter bulletin of the NNPC obtained by the News Agency of Nigeria on Monday.The NNPC boss, while putting the domestic gas utilisation in Nigeria in perspective, said it was less than 500 million cubic feet per day about seven years ago.
According to him, the demand in Nigeria alone is over two bcfpd, growing to five bcfpd by 2017 and over seven bcfpd by 2020.
Dahwa said: “At seven bcfpd, we will be almost 150 per cent the size of South Korean consumption.
“Post 2020, demand is expected to soar rapidly to well over 10 bcfpd.
“At the global level, the demand is less than an aggregate of four bcfpd a few years ago to potentially over 15 bcfpd in the next five to 10 years.
“This creates an overwhelming challenge for supply and by inference on the industry.”
Dahwa said the Federal Government was pursuing its aspiration of transforming the nation into a gas-driven economy vigorously.
The GMD said gas was now a fuel of choice with far reaching impact on domestic, regional and global economy.
