NNPC targets 600tcf reserves, raises gas production
The NNPC Ltd. has unveiled plans to increase Nigeria’s gas reserves from 215tcf to over 600tcf and raise national production to 12 Bcf/d by 2030. Read More: https://punchng.com/nnpc-targets-600tcf-reserves-raises-gas-production/
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced ambitious plans to boost Nigeria's gas reserves and production by 2030. Executive Vice President of Gas, Power & New Energy, Olalekan Ogunleye, revealed that the country's reserves could be expanded from the current 215 trillion cubic feet (tcf) to over 600 tcf, while national production would increase to 12 billion cubic feet per day (Bcf/d).
The company is implementing a Gas Master Plan to achieve these targets, which aligns with the Petroleum Industry Act, Decade of Gas Framework, and the Gas Master Plan. Ogunleye emphasized that Nigeria's strategic position as a global gas hub, coupled with its substantial gas resources and favorable geographical location, makes it an attractive supplier to international markets.
The company's focus is on strengthening coordination, incentivizing domestic gas utilization, and expanding exports, aiming to drive industrialization, create jobs, and enhance energy security.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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