NNPC targets 600tcf gas reserves, 12Bcf/d output by 2030
The NNPC has unveiled plans to increase Nigeria’s gas reserves to over 600tcf and raise national production to 12 billion cubic feet per day by 2030. Read More: https://punchng.com/nnpc-targets-600tcf-gas-reserves-12bcf-d-output-by-2030/
The Nigerian National Petroleum Company Limited (NNPCL) has set ambitious targets to boost Nigeria's gas reserves and production by 2030. Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, revealed that the company aims to increase the country's gas reserves from 215 trillion cubic feet (tcf) to over 600 tcf. Additionally, NNPCL plans to raise national gas production to 12 billion cubic feet per day (Bcf/d) by 2030.
The Gas Master Plan (GMP) is being implemented to achieve this ambitious goal, focusing on reinforcing coordination based on the Petroleum Industry Act (PIA), Decade of Gas Framework, and GMP. Currently, Nigeria is a dependable global provider of gas, with six LNG trains producing 22 million tonnes annually, exporting over 6,000 LNG cargoes since 1999.
Train 7 is scheduled for completion in 2027. Ogunleye emphasized that domestic gas utilization and gas exports are not mutually exclusive, as Nigeria adopts a dual approach to generate foreign exchange through exports while expanding domestic gas usage.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
