The Nigerian National Petroleum Company Limited (NNPC Ltd.) is targeting more than 600 trillion cubic feet (tcf) of gas reserves and national production of 12 billion cubic feet per day (Bcf/d) by 2030 as Nigeria intensifies efforts to establish itself as a global gas hub.
NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, disclosed the plan on Monday while speaking at the ongoing 2026 Gas Technology & Exhibition Conference (GASTECH) in Bangkok, Thailand.
Ogunleye said Nigeria was leveraging its more than 215 tcf of proven gas reserves to drive domestic industrialisation while expanding its presence in international energy markets.
He said the company’s Gas Master Plan (GMP) was designed to bridge the gap between Nigeria’s existing reserves and its estimated potential.
“Gas development and monetisation from Nigeria’s standpoint is a purely commercial play. NNPC Ltd. is implementing a Gas Master Plan (GMP) engineered as a gap-to-potential tool to move Nigeria from a 215 tcf reserves position to above 600 tcf,” Ogunleye said.
According to a statement issued by NNPC’s Chief Corporate Communications Officer, Andy Odeh, the company’s strategy is anchored on the Petroleum Industry Act (PIA), the Decade of Gas Framework and the Gas Master Plan.
The immediate production targets are 10 Bcf/d by 2027 and 12 Bcf/d by 2030.
Ogunleye said Nigeria was already a reliable supplier to global gas markets and was pursuing a major expansion of its LNG capacity.
He cited Nigeria LNG’s Trains 1–6, which have a combined production capacity of 22 million tonnes per annum and have exported more than 6,000 LNG cargoes since 1999.
He added that Train 7 was expected to be completed in 2027.
Beyond exports, Ogunleye said Nigeria was pursuing a dual-track strategy that would increase domestic gas utilisation while maintaining its position in international markets.
He said domestic consumption and exports were not mutually exclusive, noting that the strategy would enable Nigeria to earn foreign exchange while using gas to support industrialisation, create jobs, strengthen energy security and improve economic wellbeing.
Ogunleye also highlighted Nigeria’s geographical advantage, with access to both the Atlantic Basin and Asian markets, as a key factor in its ambition to become a strategic global gas supplier.
He said the country’s substantial gas resource base, combined with its focus on gas development, provided a strong foundation for expanding its role in the global energy market.
According to Ogunleye, Nigeria has also sought to reduce investment risks for new LNG projects through a strengthened legal and regulatory framework and attractive fiscal incentives.
“With continued efforts towards stable security, competitive gas pricing and assured gas supply, there is no better time for investors and financiers to confidently participate in the development of Nigeria’s LNG projects,” he said.
GASTECH, now in its 54th edition, brings together energy experts, policymakers, investors, executives and technology leaders from more than 150 countries to discuss energy security, LNG supply, infrastructure investment and the transition to lower-carbon energy.
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