The Evolving International Gas Market and Energy Security in Nigeria
Sola Adesola and Feargal Brennan (eds), Energy in Africa: Policy, Management and Sustainability (Palgrave Macmillan, 2019)
Posted: 15 May 2020
Date Written: August 15, 2018
Abstract
Over the past two decades, natural gas has increasingly become the preferred primary source of energy, especially for electricity generation. Developing countries with significant gas reserves, such as Nigeria, had previously dealt with gas mainly as a revenue earner through export projects. However, due to the growing demand for electricity and energy that trails social and economic development, there is now a significant move towards optimising domestic gas utilisation and supply. The regulatory and organisational framework for access, production, and commercialisation of gas resources underpins timely investment decisions in essential infrastructure, thus, becoming crucial to energy security. In view of such factors, this chapter examines the institutional and regulatory dimensions of energy security in Nigeria within the context of the evolving international gas supply market.
Keywords: Behavioural economics, Energy Security, Gas Supply Regulation, Energy Policy, Gas Commercialisation, International Gas Market, Liquefied Natural Gas, Gas-to-Power, Nigerian Gas Policy, Nigeria Energy Policy
JEL Classification: K23, Q4, Q40, Q41, Q48, F21, F23, P16, P28
Suggested Citation: Suggested Citation