Seplat Seeks Accelerated Investment to Position Nigeria as Africa’s Global Gas Powerhouse
Peter Uzoho Seplat Energy Plc has called for increased investment across Nigeria’s gas value chain to unlock the country’s vast natural gas resources, strengthen energy security, drive industrialisation, and position
Seplat Energy Plc, led by CEO Peter Uzoho, is urging increased investment in Nigeria's gas value chain to unlock the country's extensive natural gas resources. Speaking at the Gas Investment Forum (GIF) 2026 in Lagos, Okon emphasized that Nigeria's proven gas reserves of over 215 trillion cubic feet can only reach their full potential through sustained investments in production, processing, transportation, and utilisation infrastructure.
Addressing the theme "Positioning Nigeria as Africa's Global Gas Powerhouse," Okon highlighted energy poverty as a major challenge across Africa, with 600 million people in sub-Saharan Africa lacking electricity access. He stressed that gas reserves only create value when converted into tangible economic growth, industrial development, and energy access for millions.
Okon praised the government's efforts to improve investment conditions, particularly in addressing legacy debts in the gas-to-power value chain and welcomed recent final investment decisions on major energy projects, including the commencement of operations on the OB3 gas pipeline. He also noted the importance of policy reforms, such as the Petroleum Industry Act (PIA) in creating a more transparent and investor-friendly environment.
Seplat Energy's CEO outlined significant investments in gas infrastructure over the past decade, including the Oben Gas Plant, Sapele Gas Plant, and the ANOH Gas Plant, which reinforce the company's position as a leading domestic gas supplier. These investments directly support six power stations and numerous industrial customers, contributing to Nigeria's food security objectives.
Okon also highlighted Seplat's acquisition of ExxonMobil's assets, which has expanded domestic supplies of butane and liquefied petroleum gas (LPG), and ongoing investments in compressed natural gas (CNG) infrastructure to expand cleaner energy access. He reaffirmed Seplat's commitment to environmental sustainability, noting the successful end to routine flaring at the end of 2025, which significantly reduced operational emissions intensity.
Okon urged stakeholders to collaborate in unlocking projects that will convert gas into electricity, enabling Nigeria's industrial future.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
