Nigeria’s energy mix dominated by biomass-based fuels -Baru

Lagos -- Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has said Nigeria’s current energy mix is dominated by biomassbased fuels which account for about 82 percent while natural gas accounts for just 8.8 percent.

He made the statement at a conference in Abuja, where he called on investors to take advantage of the huge gap in the energy mix.

“As we speak today, Nigeria's energy mix is dominated by biomass-based fuels which account for about 82 percent while natural gas accounts for just 8.8%. This implies a very

high potential for explosive growth in the LPG business which will enable more players to come on board”, he said.

He said Nigeria is basically a gas nation as it has around 202 trillion cubic feet of proven gas reserves plus about 600 TCF unproven reserves.

Baru clarified that contrary to the thinking that Liquefied Petroleum Gas, LPG, also known as cooking gas, is only for a certain class of people, the LPG market in Nigeria has room for everyone to operate, contending that the challenges faced in the nation’s LPG sector provide opportunities for people from all strata of the Nigerian society to make a fortune. According to him, the infrastructural bottlenecks and lack of institutional and commercial regulatory framework which bedeviled the gas sector could be exploited and converted into wealthcreating opportunities.