FG Holds Workshop on Gas Maturity, Targets 24-month Timeline to End Regulated Market
Decade of Gas secretariat seeks roadmap for willing buyer, willing seller market Emmanuel Addeh in Abuja The federal government yesterday set a 24-month target to transition Nigeria’s domestic gas market to
The Nigerian government has announced a 24-month goal for transitioning Nigeria's domestic gas market to a fully commercial, 'willing buyer, willing seller' system. Rabiu Umar, CEO of the Gas Market Maturity Workshop, said this transition would rely on measurable factors like gas supply, buyer and seller presence, transportation infrastructure, and commercial contracts.
Umar emphasized that completing major pipeline projects, like Ajaokuta-Kaduna-Kano, would be insufficient without sufficient gas to fill them. The authority is also expanding domestic use of LPG, LNG, and CNG, as well as supporting gas-fired power projects. The Decade of Gas strategy aims to increase gas supply and identify 16 key infrastructure projects to bolster the domestic market.
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