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Nigeria's Decade of Gas initiative represents a concerted effort by the government and private sector to leverage the country's abundant natural gas resources for economic development and energy transition

During this decade, Nigeria is committed to increasing her production and consumption. Gas production is expected to grow by over 50% during the decade

"...it [gas] is the resource that will catalyse the fundamental restructuring of the nation's economy for expansive growth. From Gas to Prosperity: Renewed Hope"

President Tinubu

President Bola Ahmed Tinubu - 2023

"...it's my privilege and honor to now launch the decade of gas agenda"

Ex-President Buhari

Ex-President Muhammadu Buhari - 2021

"In line with the President's renewed hope agenda, we must harness the potential of our natural gas resources to provide Nigerians and the global market with the energy needed today, even as we transition to a more sustainable energy future"

Ekperikpe Ekpo

Honorable Minister of State for Petroleum Resources, Gas Ekperikpe Ekpo

fundamental issues in Nigeria gas development in one year

Nigeria currently has over 209 trillion cubic feet (TCF) of proven natural gas reserves. This can be utilized to unlock significant economic growth and create employment in the country.

What needs to be done

Demand

  • Demand could grow from 4.9 BCFD in 2020 to 22.6 BCFD by 2030
  • Domestic consumption could account for ~60% of total demand by 2030
  • Resolving the power sector challenges is critical to transitioning to a Gas powered economy

Supply

  • Priority gas projects are required to meet base case demand
  • Onshore Non Associated Gas (NAG) could account for 47% of total gas supply by 2030
  • Developing offshore NAG is crucial to meet high case demand

Infrastructure

  • To meet the growing consumption, the development of critical gas infrastructure will be required
  • Full implementation of the Nigeria Transport Network Code will enable optimal utilization of infrastructure
  • Decarbonization framework must be in place to attract financing

Economic Principles

  • Transition to cost-reflective prices across the value chain in the short term
  • Market-led pricing in the long term is required
  • Mitigations must be in place to address the vulnerable population that will be impacted by price change
updated nigerian gas transportation network code

Our Partners

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The Decade of Gas initiative, launched in 2021, is focused on transforming Nigeria into a gas-powered economy by 2030 through series of policy reforms, gas supply projects maturation, gas infrastructure expansion, capacity building and robust investment attraction strategies.

Contact

5th floor
NMDPRA Annex
Shehu Yar’adua way
Jabi, FCT Abuja
Nigeria
+234 705 547 7558
info@decadeofgas.com.ng