The Federal government has revealed that Nigeria’s gas reserve has recorded a slight increase from 206.53 trillion cubic feet in 2021 to 208.62 trillion cubic feet (tcf) in January 2022, IgbereTV reports
Gbenga Komolafe, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission disclosed this over the weekend in Abuja.
According to him the nation’s oil and condensate reserves status as of January 1, 2022, was 37.046 billion barrels representing a slight increase of 0.37 percent compared to 36.910 billion barrels as at January 1, 2021.
He continued: “on the other hand, the national gas reserves status as of January 1, 2022, was 208.62 tcf, representing an increase of 1.01 percent compared to 206.53 tcf as of January 1, 2021.
“With a proven gas reserve base of 208.62tcf, we are on track to increase our reserves volumes to 220tcf in less than 10 years and 250tcf thereafter,” he said.
The latest figure shows that Nigeria retains its position as the African country with the highest reserves
