Nigeria to explore its 600trn ft³ gas potential for sustainable devt – Buhari

President Muhammadu Buhari has said that Nigeria was taking appropriate steps to turn its abundant gas resources into veritable catalyst for development as the nation’s gas potential might be in excess of 600 trillion cubic feet.

The President said this at the 3rd summit of Gas Exporting Countries Forum (GECF) in Tehran, Iran, on Monday.

He said the country was taking the steps because natural gas was fast evolving as the fuel of choice for sustainable development in view of its impressive suitability for environmental protection and lower cost of supply in comparison with fossil fuels.

He, therefore, charged the leadership of the GECF to take appropriate steps towards sustaining the pricing of gas at the international market for the benefit of member countries.

He said that the stability of the energy and financial market was critical to ensuring investments in current and future natural gas projects.