LAGOS, Jan. 28 (Xinhua) -- Shell Nigeria Exploration and Production Company (SNEPCo) has said it has the technology to develop the integrated offshore and onshore gas projects necessary to harness Nigeria's full energy potential.
Chike Onyejekwe, managing director of SNEPCo, disclosed this in Abuja on Tuesday at the Offshore West Africa Conference taking place at the International Conference Center, reported the News Agency of Nigeria on Wednesday.
He said Nigeria has enormous reserves of clean-burning natural gas estimated at about 185 trillion cubic feet, according to the Energy Information Administration.
Onyejekwe added that if successfully developed, these reserves will help improve power supply and energy security to Nigerian households and the industries.
According to him, when exported as Liquefied Natural Gas (LNG) they can diversify Europe and North America's gas supply, increasing their energy security and reducing their vulnerability to supply disruptions.
"When used abroad in modern gas-fired power plants, that gas will provide more sustainable, lower-emission electricity compared to conventional coal-fired plants common in Europe and North America," he added.
He explained that high on the list of government priorities is the need to increase the supply of power to Nigerian homes and the industries.
"That will raise living standards and help support sustainable economic development and shell fully supports these goals," Onyejekwe said.
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