Nigeria’s domestic gas supply has crossed 2 billion cubic feet per day (bcf/d), as the government pushes to expand supplies to power plants and industries and reduce constraints on economic growth, the country’s gas minister said on Friday.
Gas production rose to 7.5 bcf/d from about 6.8 bcf/d in 2023, Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo said. Proven gas reserves have increased to 215.19 trillion cubic feet (tcf) from 208.83 tcf, Ekpo said.
Nigeria is targeting gas production of 10 bcf/d by 2027 and 12 bcf/d by 2030 to meet growing demand from power generation, industry, fertiliser production, petrochemicals, liquefied natural gas (LNG), transportation and export markets.
To support higher domestic supply, the Obiafu-Obrikom-Oben (OB3) pipeline has reached full completion and is being prepared for first gas, Ekpo said. The pipeline can transport 2 bcf/d and is expected to unlock more than 500 million standard cubic feet per day (MMscf/d) of additional gas for the domestic market while the Ajaokuta-Kaduna-Kano (AKK) pipeline is about 95% complete, he added.
Ekpo said N671 billion ($434 million) deployed through the Midstream and Downstream Gas Infrastructure Fund had attracted about N1.6 trillion in private investment across 31 projects and 205 infrastructure assets.
The projects are expected to deliver about 475 MMscf/d to the domestic market when fully operational. Nigeria is targeting about $30 billion in gas-sector investment by 2030.
