Introduction

It is often the case that commentators and power industry experts emphasize the importance of gas as a veritable source of fuel for the Nigerian electric power sector. This importance, for example, is buttressed by the fact that the Nigerian Electricity Regulatory Commission, the chief regulator of the electric power sector in Nigeria, has determined that the lowest-cost new entrant generator in the power sector is an open cycle gas turbine (OCGT) power generator, using natural gas as fuel. It would therefore appear to be the case that any investor in power generation that ...