World’s largest trader of liquefied natural gas, Shell, has revealed plans to add up to 12 million metric tons of additional capacity in Nigeria, the United Arab Emirates (UAE), Canada, and Qatar between now and 2030.
The projects are already in construction, Reuters quoted a top executive of the company as saying on Wednesday.
He said, “(There is) up to 12 million tons of additional (LNG) capacity that we’re adding between now and the end of the decade,” Cederic Cremers, Shell’s president of integrated gas, said at Wood Mackenzie’s Gas, LNG and the Future of Energy Conference in London.
“That is not an ambition. Those are all projects that are currently under construction.”
The report, however, did not state the exact quantity the IOC intends to churn out in Nigeria in the period under review.
Nigeria has chosen gas as its key transition fuel and named the 2020- 2030 period as “Decade of Gas” in a bid to monetise its 208 trillion cubic feet of gas reserves to drive industrialisation, create jobs, and generate revenue.
The country currently produces 3,009 650 million cubic feet of gas from its deposit, ranking 12th on the world’s list of gas-producing countries.
