The Evolving International Gas Market & Nigeria

Published 02/22/2017 by Tade Oyewunmi

An increasingly international and potentially ‘oversupplied’ gas market
– Shale gas revolution, recent new discoveries; resuscitation of Iran; new LNG deliveries from North America, Australia etc.
– Increasing commoditization of gas in trading hubs vs traditional long-term supply arrangements
– Dynamic contractual patterns – LNG destination flexibilities

Evolving scenarios and implications in Nigeria
– Largest proven gas reserves in Africa and 9th globally
– 4th amongst LNG exporters globally; 8.3% global market share (IGU, 2016)S
– The gas-rich but energy poor question
– Security of demand vs security of supply issues – incentivising midstream gas investments and effective regulation – affordabi and reliability of energy supply
– Legal and regulatory reforms + perceived instabilities a insecurities

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