Nigeria’s gas production is on a steady rise, nearing 12 billion cubic feet (bcf) per day from its current output of 7.5 bcf, according to the Federal Government. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, shared this during a recent event in Lagos, where he outlined the government’s commitment to expanding gas production in line with the Decade of Gas initiative.
Ekpo emphasized that one of his key priorities in his second year in office is to position Nigeria as a gas-driven economy by 2030. “We are progressing towards gas sufficiency,” he remarked, adding that the government’s goal is to increase production from 7.5 bcf to 12 bcf per day.
While gas has been adopted as Nigeria’s transition fuel, questions remain about the long-term sustainability of the country’s gas output. However, Ekpo expressed confidence in Nigeria’s ability to meet its gas demands, particularly as international oil companies shift operations from shallow to deep water, where larger gas reserves are found.
“The sustainability plan focuses on tapping into the vast gas resources in deep water,” he explained, adding that with President Bola Tinubu’s administration backing the initiative, Nigeria is on track to ensure gas sufficiency.
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Nigeria’s current gas reserves, both associated and non-associated, stand at 209.26 trillion cubic feet, according to the Nigerian Upstream Petroleum Regulatory Commission. Despite this, consumers are feeling the pinch of rising cooking gas prices, which have surged to around N1,300 per kilogram, up from less than N1,000 in June.
