What we need to do

The Program

Imperatives

Nigeria currently has ~209 TCF of proven natural gas reserves which have the potential to unlock economic development and GDP growth for the country

As the energy transition evolves, there is an opportunity to accelerate development across the gas value chain, providing a low-carbon bridge to a future of sustainable energy

The Outcomes

A set of targeted initiatives have been identified for implementation over the next 18 – 24 months in order to unlock critical gas supply required to meet the base case demand as well as unlock infrastructure investments

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

Implementation

Focused execution committee mandated to deliver agreed initiatives within the next 24 months

Sponsorship at the highest levels to assure impact and visibility on national agenda

Transparent cadence at working group, committee and sponsors

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.

Quick Links

The Program

Media

Contact

5th floor
NMDPRA Annex
Shehu Yar’adua way
Jabi, FCT Abuja
Nigeria

+234 705 547 7558

info@decadeofgas.com.ng