Energy Security, Affordability and Availability: Implications on Economic and Industrial Growth in Nigeria

Igbokoyi, Alpheus O.; Iledare, Wumi

doi:10.2118/184256-ms

Cited by 4 publications

(1 citation statement)

References 1 publication

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“…Another implication of energy insecurity is that Nigeria might become an importer of crude oil between 2030 and 2035 as the country economy, industrial activities and population grows [24].…”

Section: Energy Security: Prospects and Challenges In The Current And Future Settingsmentioning

confidence: 99%

Energy Security and Nigeria’s Sustainable Development: SDG 2030 (7)

Ajao

Adeogun

Ajimotokan

et al. 2021

JENRR

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Over the years, affordable and sustainable energy has been regarded as the backbone of any country needed for the development of her social and economic sectors. Sustainable energy is vital to the production of goods and services, transport, agriculture, health as well as an instrument for politics, security, and diplomacy. Nigeria is regarded as one of the most populous countries in Africa and is blessed with rich and diverse energy resources. However, poor access to affordable and sustainable energy by a larger percentage of the population has become a norm in the past decades and this has constituted greatly to the poor economic and social development of the country. This paper provides a minireview of the different potentials of energy resources in the country, prospects, and challenges of achieving energy security in Nigeria by the year 2030 as detailed in the United Nations sustainable development goal (SDG: 2030). The paper also discussed recent efforts by the government of Nigeria in tackling the energy crisis bedeviling the country. Findings from the review showed that Nigeria is blessed with abundant energy resources. However, the government needs to be proactive in the implementation of some of the proposed actions such as having a clear policy direction on energy and inclusion of renewable energy sources into the energy mix and reduction in energy wastage in its stride towards meeting sustainable development goal (SDG: 7) by the year 2030.

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Section: Energy Security: Prospects and Challenges In The Current And Future Settingsmentioning

confidence: 99%

Energy Security and Nigeria’s Sustainable Development: SDG 2030 (7)

Ajao

Adeogun

Ajimotokan

et al. 2021

JENRR

View full text Add to dashboard Cite

show abstract

Increasing productivity by using smart gas for optimal management of the gas lift process in a cluster of wells

Abu-Bakri,

Jafari,

Namdar

et al. 2024

Sci Rep

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In the face of the escalating global energy demand, the challenge lies in enhancing the extraction of oil from low-pressure underground reservoirs. The conventional artificial gas lift method is constrained by the limited availability of high-pressure gas for injection, which is essential for reducing hydrostatic bottom hole pressure and facilitating fluid transfer to the surface. This study proposes a novel ‘smart gas’ concept, which involves injecting a gas mixture with an optimized fraction of CO2 and N2 into each well. The research introduces a dual optimization strategy that not only determines the optimal gas composition but also allocates the limited available gas among wells to achieve multiple objectives. An extensive optimization process was conducted to identify the optimal gas injection rate for each well, considering the limited gas supply. The study examined the impact of reducing available gas from 20 to 10 MMSCFD and the implications of water production restrictions on oil recovery. The introduction of smart gas resulted in a 3.1% increase in overall oil production compared to using natural gas. The optimization of smart gas allocation proved effective in mitigating the decline in oil production, with a 25% reduction in gas supply leading to only a 10% decrease in oil output, and a 33% reduction resulting in a 26.8% decrease. The study demonstrates that the smart gas approach can significantly enhance oil production efficiency in low-pressure reservoirs, even with a substantial reduction in gas supply. It also shows that imposing water production limits has a minimal impact on oil production, highlighting the potential of smart gas in achieving environmentally sustainable oil extraction. Furthermore, the implementation of the smart gas approach aligns with global environmental goals by potentially reducing greenhouse gas emissions, thereby contributing to the broader objective of environmental sustainability in the energy sector.

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The Effect of Regulation on the Development of Natural Gas Value Chain in Nigeria

Igbokoyi

Daboer

Iledare

2017

Day 3 Wed, August 02, 2017

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Natural and Energy resources are synonymous. They are very important to the nation's economy and industrial growth. Therefore, Government always has control through regulations over natural resources in any nation. Regulations can sometimes have negative impact on the development of natural resources and create artificial scarcity to the detriment of economic and industrial growth, and the welfare of the citizens. Over-regulated market has been known not to be conducive for competitive market and may even create price hike, which can be destructive to innovation and create unattractive business environment to both foreign and local investors. Nigeria's Niger Delta has been described as gas rich zone. Up to date, the same gas has been poorly developed compared with oil. Apart from the liquefied natural gas project, the gas value chain in Nigeria has been poorly developed. This paper examines the historical gas development trend and evaluates the impact of regulation on the natural gas value chain in Nigeria. The historical impact of regulation on the United States of America's natural gas value chain development is also studied as a standard so as to underpin, by way of comparison, the reasons for the poor development of the natural gas value chain in Nigeria. As a link to utility, natural gas is used for heating and cooking at homes, and providing electricity in the United States of America and other developed countries. It is also linked to some industrial sectors such as fertilizer, petrochemical, and refinery. Because of its utility structure, natural gas is regulated at some nodes along the value chain to accommodate, not by subsidizing, the financial capability of all citizens in purchasing such utility products. When natural gas is fully developed along its value chain for national development, the consequences are vibrant and stable economy coupled with industrial growth. Therefore, the purpose of this paper is to examine the natural gas market in Nigeria and compare it with United States' market which is a standard market that Nigeria can use as a blue print to follow.

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Energy Security, Affordability and Availability: Implications on Economic and Industrial Growth in Nigeria

Cited by 4 publications

References 1 publication

Energy Security and Nigeria’s Sustainable Development: SDG 2030 (7)

Energy Security and Nigeria’s Sustainable Development: SDG 2030 (7)

Increasing productivity by using smart gas for optimal management of the gas lift process in a cluster of wells

The Effect of Regulation on the Development of Natural Gas Value Chain in Nigeria

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