Who will take our gas? The hunt for buyers in Nigeria's domestic market Report

Insight 23 August 2018

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Report summary

Gas supply to the domestic market is a hot topic in Nigeria. Producers everywhere are asking the same question: how can we monetise our gas and who are the credible buyers? Pressure from government to meet domestic supply obligations (DSOs) remains intense. Although Nigeria's DSO has been cut significantly in the last two years, the target has still not been met. In 2017 the DSO was double the volume actually delivered. However, the potential costs of DSO non-compliance has focused minds, particularly among the IOCs. All of them are prioritising supply to a market that is constrained in terms of infrastructure and credible buyers. Producers are desperately seeking customers, but are finding that their competitors are on exactly the same mission.

Introduction
A low income is better than no income
Can you avoid the power sector?
- Azura-Edo: extra capacity does notequal extra commodity
So what are the alternatives?
- Industrialoff-takersin the private sector
- Free trade zones
- Develop gas distribution
- Off-grid generation
How will the market evolve?