Nigerian Gas Masterplan and Policy: Is It a Constrained Energy Policy?

摘要

The Nigerian Gas policy is been aligned to maximise the oil and gas sector value to the economy and transit from an oil industry to an integrated oil and gas industry. These initiatives have been geared towards boosting the domestic market and realize maximum revenue possible from gas. As a result, the gas policy framework in Nigeria has been undergoing series of reforms and new policy initiatives and these have initiated the Gas Master Plan, namely: the Domestic Gas Supply Obligation, the Gas Pricing Framework and the Gas Infrastructure Blueprint. In the light of the interplay of political and economic factors in Nigeria, the paper examines the strength of the Nigerian Gas Master Plan and Policy to unlock the potentials of a viable Nigerian domestic gas market and discusses to what extent is the Policy constrained. The paper shall identify the magnitude of these constraining factors and would seek to answer the question in view of the stated objective of the Nigerian Government to position the domestic market on a sustainable growth path and leveraging gas for the economic growth of the country.