Entrepreneurial, legal and logistics aspects of gas in Nigeria

Abstract

The current situation in global gas trade indicates a redistribution of suppliers and consumers - solvent markets are opening that diversify gas purchases (mainly the European Union), and sellers are appearing who are more active in expressing themselves and have significant gas reserves. Moreover, pipeline gas and LNG flows are redistributed. In this context, special attention should be paid to Nigeria, which has both the opportunity and the desire to become one of the major players in the global gas market. This article aims to analyze the current situation in the Nigerian gas market and consider the probable development of events in Nigeria's gas production and transportation industry. The methods employed in the study include statistical analysis and descriptive approach. Our findings indicate that the modern economic and political context opens up broad prospects for Nigeria in pipeline gas logistics and LNG projects. This development of events could be favourable for all interested parties - buyers will receive the necessary volumes of gas, and Nigeria will be able to make a profit, reduce unemployment and develop its country's economy. Against this background, the paper evaluated the evolution of gas development and utilization in Nigeria with respect to the Nigerian Gas Master plan and the gas development and utilization measures. The authors, therefore, concluded that the proper exploitation and exploration of gas, barring any other odds, could be the game changer of the Nigerian economy.