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NIGERIA GAS MARKET
Largest natural gas reserves in Africa, and seventh largest in the world
Proven Gas Reserve: 210 TCF
Unproven Gas Reserve: 600 TCF
Persistent low natural consumption due to:
Infrastructural challenges
High initial capital requirement
The Federal Government established the Natural Gas Expansion Programme to:
Fortify gas supply
Stimulate demand
Improve gas utilization
Other instruments employed by FGN:
Midstream and Downstream Gas Infrastructure Fund
Tax incentives, exemptions, and remission for gas projects and development.
Transition to gas-powered energy
Fostering NNPC & gas producing companies’ relationships
Nigeria’s natural gas historical and forecast production and consumption (bcf) - 2022
2010
1,165 Bcf Production
445 Bcf Consumption
2018
1,660 Bcf Production
474 Bcf Consumption
2019
1,660 Bcf Production
511 Bcf Consumption
2025
1,660 Bcf Production
838 Bcf Consumption
2030
1,766 Bcf Production
1,023 Bcf Consumption
2040
2,331 Bcf Production
CNG
Select players in the gas virtual pipeline space
LNG
CNG
GAS PRODUCTION VS UTILISATION (2023)
2023
1,890,901mmscf
Gas Flared -6.3%
118,518mmscf
Export/NLNG – 33.5%
634,035mmscf
Re-injection-34.9%
659,292mmscf
Domestic-25.4%
479,441mmscf
More about SAPELE LNG PROJECT
We deliver clean and cost-effective energy alternatives to Nigerian homes and businesses, to help our customers and the planet.
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