Economic Benefit of Natural Gas Utilization in Nigeria: A Case Study of the Food Processing Industry

Due to unsustainable exploitation practices coupled with the lack of gas utilization infrastructures, Nigeria flares a substantial proportion of the gas it produces and the country lags far behind when compared to other oil producing nations in terms of associated gas conservation and utilization. This work focussed on the measurement of heat radiation from gas flaring as one of the menaces of gas flaring and benefits of substituting conventional fuel and energy types, such as automotive gas oil (automotive gas oil-diesel), low pour fuel oil, and electricity with natural gas in monetary terms using mathematical principles in calculation with a case study of the food processing industry in Nigeria. Results obtained revealed that up to 69% on diesel, 29.85% on low pour fuel oil, and 69% on electricity could be saved by the company, translating to millions of dollars in five years if conventional fuel and energy is substituted with natural gas.