The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to significantly increase Nigeria’s gas reserves from the current 210 trillion cubic feet to about 600 trillion cubic feet as part of efforts to strengthen the country’s position in the global energy market.
The company also revealed that it aims to attract about $60 billion in investments into the nation’s gas sector to drive exploration, production, and infrastructure development.
The disclosure was made by the Executive Vice President, Gas, Power and New Energy at NNPCL, Olalekan Ogunleye, during the CERAWeek by S&P Global energy conference held in Houston, Texas, United States.
Speaking at a panel session themed “The New Gas Order: Market Depth and the Reshaping of Global Trade,” Ogunleye said Nigeria is well-positioned to play a more significant role in global liquefied natural gas (LNG) and gas-based industry supplies due to its strategic geographic location and vast gas resources.
He noted that shipping constraints around the Strait of Hormuz, worsened by tensions linked to the United States–Israel and Iran conflict, have further highlighted Nigeria’s importance as a potential major supplier of LNG and gas-based industrial products.
According to Ogunleye, the key deliverables of the NNPCL Gas Master Plan include creating commercial incentives to boost gas exploration and development. The initiative aims to increase Nigeria’s validated gas reserves from 210.5 trillion cubic feet to an estimated potential of about 600 trillion cubic feet.
The plan also seeks to exceed the Federal Government’s mandate to grow gas production by 4.6 billion cubic feet per day (62 percent) between the end of 2025 and 2030. This would raise daily production to 12 billion standard cubic feet per day from the current 7.4 billion.
In addition, the initiative is expected to attract about $60 billion in fresh investments into the gas sector to accelerate development across the value chain.
Ogunleye stressed that the plan is not merely aspirational but focused on disciplined execution of annual work plans to ensure that development targets are achieved and even surpassed.
Earlier in the year, the NNPCL unveiled its Gas Master Plan 2026 at the NNPC Towers in Abuja. The plan targets daily gas production of 10 billion cubic feet to support industrialisation and enhance Nigeria’s energy security.
The company’s Chief Corporate Communications Officer, Andy Odeh, said the initiative reflects a renewed effort by the Federal Government and industry stakeholders to transform Nigeria’s vast gas resources into tangible economic value through infrastructure development, disciplined execution, and market expansion.
The Gas Master Plan 2026 represents a strategic shift from policy formulation to implementation across Nigeria’s gas value chain, reinforcing the country’s ambition to become a leading global gas supplier.
