

Government looking for serious investors in gas
Tue, 20 May 2008 23:30Nigeria's Federal Government has approved a Gas Masterplan to provide gas infrastructure estimated at US30-billion - and is now trying to woo investors.
Minister of Energy (Gas), Emmanuel Odusina said the government is looking for serious investors to partner with Nigeria on the platform of public private initiatives to enable growth in the export and domestic gas market.
Nigeria has the seventh largest gas reserves in the world with proven reserves of 185 TCF. It is believed that there is potential for an additional 200 TCF.
There has been an enormous surge in gas demand from Nigeria, both from local and foreign markets. If these demands can be met it will lead to a huge growth of the economy.


