NNPC Aims for Gas Production Boom in Nigeria by 2030
Nigeria's state-owned oil company, NNPC Ltd., is aiming to more than double its gas reserves and production by 2030. The company seeks to move from its current proven gas reserves of over 215 trillion cubic feet (tcf) to above 600 tcf, including raising national gas production to 10 billion standard cubic feet per day (Bcf/d) by 2027 and 12 Bcf/d by 2030.
According to NNPC's Executive Vice President, Gas, Power and New Energy, Mr. Olalekan Ogunleye, the plan will be driven by a commercial approach to gas development and monetisation. The company is implementing its Gas Master Plan (GMP) as a 'gap-to-potential' framework for unlocking Nigeria's vast gas resources.
Ogunleye stated that Nigeria was seeking to exploit the changing global energy landscape, including geopolitical disruptions and shifting patterns of supply and demand. He emphasized that the country's strategy would be anchored on the Petroleum Industry Act (PIA), the Decade of Gas Framework, and the Gas Master Plan, with stronger coordination across the gas value chain.
Nigeria currently has existing LNG capacity, with the Nigeria LNG facility's Trains 1-6 producing about 22 million tonnes per annum (MTPA) and having exported over 6,000 LNG cargoes since 1999. Train 7 is expected to be completed in 2027, further strengthening Nigeria's position in the international LNG market.