Nigeria’s gas demand will continue to grow despite falling production and limited infrastructure, according to a new report
The future of Nigeria's natural gas industry looks promising, despite current production levels and limited infrastructure, according to a new report from African investment research agency Hawilti. While European markets are currently the main consumers of Nigerian gas, Hawilti's report highlights the potential for growth in the domestic market. With demand expected to rise, investing in the development of Nigeria's gas resources could pay off in the long run.
The study found that there are several factors driving demand for gas in Nigeria, a country where most companies generate their own power to avoid relying on an inefficient grid. Initially, adoption was driven by large industries such as petrochemicals and fertilizers, and by multinationals seeking to decarbonise their operational ...