Citation:

Onwuamaeze, Ikechukwu Patrick, Mohammed Bello Ahmed, Enakireru Emmanuel Ese, 2023. Natural Gas Utilization: The Opportunities and Limitations militating Developing Economies, ESP Journal of Engineering & Technology Advancements  3(4): 45-52.

Abstract:

Nigeria, a developing nation, has abundant natural gas resources, which are abundant in terms of energy when combined with the known crude oil reserves of the nation. Nigeria is also becoming into a hub for natural gas, with long-term economic growth and development promising long-term environmental benefits. And for good reason—natural gas is the most economical, cleanest, and ecologically benign energy source available to consumers. Therefore, using Nigeria as an example, the current study focuses on the opportunities and constraints associated with the usage of natural gas in developing nations. The study found that, in addition to the opportunities brought about by the use of natural gas, a number of constraints, including funding, funding sources, and, most significantly, the security conditions that currently exist in the Niger Delta region, the primary source of natural gas, have a significant impact on product exploration. Inadequate gas infrastructure, a dearth of domestic and global markets, a lack of interconnecting pipelines, and political and economic concerns all play significant roles. The report offers substitutes, including creating export-focused natural gas projects to open up local, national, and worldwide markets and creating brand-new tangible incentives for natural gas usage.

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Keywords:

Gas Utilization, Natural Gas, Sustainable Development, Gas Pipelines, Gas Development.