• Sunday, March 03, 2024
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Ige, Akinosun unveil book on investments in Nigeria’s gas sector


Two experts in the gas sector, David Ige, Founder and CEO of Gas Invest Limited and Dapo Akinosun, a Senior Advocate of Nigeria and a founding partner of SimmonsCooper partners, have unveiled a book on the evolution, progress and current status of Nigeria’s natural gas sector.

The book titled “Understanding Natural Gas – a Nigerian Perspective” is a comprehensive overview of Nigeria’s gas policy journey and would serve as a useful manual for investors and entrepreneurs at different levels of the gas ecosystem and anyone who seeks a better understanding of the gas sector.

The authors, in a statement on Thursday said that the book would also be useful to students, academics, lawyers and others interested in the subject

“Understanding Natural Gas – the Nigerian Perspective” is likely to earn a coveted place in the libraries of policy makers, students of political economy and investors looking to understand the Nigerian gas sector landscape”, they enthused.

“It is both an easy-to-read historical guide as well as an educational blueprint which traces Nigeria’s energy transition journey from the first coal plant in 1896 to today’s vastly different energy sector dominated by petroleum and, increasingly, gas.”

Subjects treated in the book include: Fundamentals of natural gas: how gas is formed, uses, key terms and a thorough overview of the gas sector value chain; Technical concepts in natural gas processing and transportation sector in Nigeria, with in-country examples.

The evolution of gas in the global energy mix; Nigeria’s energy transition from the first coal-fired power plant in Marina, Lagos, in 1896 when the energy mix was 100 percent coal, to the current dominance of natural gas as the most dominant fuel in the energy mix for power with coal effectively reduced to zero.

The commercial aspect of natural gas: gas contracts, fiscal terms and investment appraisal methods for gas projects; The evolution of gas fiscal provisions in Nigeria which has culminated in the Petroleum Industry Act fiscal revisions. Guidance to gas contracting;

The Nigerian gas sector: an overview of the resource base, key gas infrastructure in Nigeria and the overall sector structure; The evolution of gas policy trends in Nigeria, lessons learnt from past policy development and a look ahead for policy focus; And overview of the new Petroleum Industry Act.

Ige, is an industry veteran with over 23-years industry experience who had previously served as NNPC’s Group Executive Director, Gas & Power between 2011-2015. He has a PhD from Cambridge University and held top positions in Shell and Accenture UK was the architect of Nigeria’s gas masterplan who led its implementation and was in charge of the gas and power agenda while at NNPC. His counterpart, Akinosun is a specialist in gas, banking and finance as well as foreign direct investment.

Understanding Natural Gas – a Nigerian Perspective is a product of their technical knowledge and rich experience of the local and global gas sector. Written in accessible language, the book is an easy to absorb reference on the fundamentals of natural gas including commercial transactions and agreements.