The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to raise Nigeria’s gas reserves from about 210 trillion cubic feet to roughly 600 trillion cubic feet.
The company also aims to attract about $60 billion in fresh investment into the gas sector as part of its long-term expansion strategy.
NNPC’s Executive Vice President for Gas, Power & New Energy, Olalekan Ogunleye, outlined the targets at the CERAWeek energy conference in Houston.
He stated that Nigeria is well-placed to become a bigger supplier of liquefied natural gas and gas-based industrial products.
Ogunleye noted that shipping constraints in the Strait of Hormuz arising from ongoing conflicts underline Nigeria’s strategic position in global energy markets.
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Under the NNPC Gas Master Plan, the company wants to validate higher reserves and lift daily gas production from about 7.4 billion cubic feet to 12 billion cubic feet by 2030.
The plan also targets securing over $60 billion in new gas-sector funding, with Ogunleye describing the initiative as execution-driven rather than theoretical.
The Gas Master Plan 2026 targets 10 billion cubic feet of daily gas production to support industrialisation and energy security.
The plan focuses on disciplined delivery, infrastructure upgrades, and expanding markets to turn Nigeria’s large gas resources into real economic value.
The effort is part of a broader push to lock in LNG demand and strengthen the country’s role in global energy supply.
