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) has announced ambitious plans to increase Nigeria's gas reserves to over 600 trillion cubic feet (tcf) and raise national gas production to 12 billion cubic feet per day (Bcf/d) by 2030. This initiative, aimed at positioning Nigeria as a global gas hub, is part of a Gas Master Plan designed to leverage the country's proven 215 tcf reserves for industrialisation and expanded export markets.
NNPC's Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, highlighted the company's focus on reinforcing coordination through the Petroleum Industry Act, Decade of Gas Framework, and the Gas Master Plan, with the goal of ramping up national gas production to 10 Bcf/d by 2027 and 12 Bcf/d by 2030.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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