Towards effective development of Nigeria’s natural gas: lessons from Alberta
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Abstract
Nigeria has a huge natural gas reserve, but to date this resource has been largely under-developed. This state of affair has impacted negatively on Nigeria’s economic potential. In contrast, Alberta has benefitted immensely from its natural gas resource because it has effectively developed same. This thesis advocates the effective development of Nigeria’s natural gas resources. It examines the current frameworks for the development of natural gas in Alberta and Nigeria and outlines the concepts in the Alberta’s framework that could be adopted by Nigeria. Three core regimes that promote the effective development of natural gas are utilized for the examination. They are: effective regimes for the acquisition of natural gas rights, for the conservation, and for the utilization of natural gas resources. Given climate change concerns and depletion in natural gas stock capital, this thesis also advocates the sustainable development of natural gas in Nigeria and Alberta.