Nigeria may have discovered huge gas reserves far in excess of crude oil.
The Minister of State for Petroleum, Timipre Sylva who dropped the hint, said the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil.
Mr Sylva, at a News Agency of Nigeria forum in Abuja,disclosed that the country could discover an additional 600 trillion cubic feet reserve to enable it to achieve the desired development required of a gas nation.
“We have a lot of gas in this country. We have 206 trillion cubic feet of gas reserves.
“This number is already discovered in gas reserves and this 206 trillion cubic feet reserve was found while looking for oil, so it was accidentally discovered.
“We were actually going to look for crude oil and we found gas, and in that process of accidentally finding gas, we have found up to 206 tcf.
“So, the belief is that if we really aim to look for gas dedicatedly, we will find up to 600 trillion cubic meters of gas,” he said
According to the minister, the country’s transition from gas to renewable fuel will be gradual when it has fully utilised the benefits associated with gas.
“We are also transiting and that is why we are talking about gas. We are seeing gas as a bridge to renewable fuels.
“We came from coal which is solid, to crude oil; now we are moving to gaseous gas and then to renewables,” he said.