NNPC targets 12bcf/d gas production by 2030

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has set a target to raise Nigeria’s national gas production to 10 billion standard cubic feet per day (Bcf/d) by 2027 and 12 Bcf/d by 2030 as it pushes to position the country as a global gas hub.

NNPC’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, disclosed this on Monday at the 2026 Gas Technology & Exhibition Conference (GASTECH) in Bangkok, Thailand.

Speaking on a panel themed, “The New LNG Order: Leadership Strategies for Energy Security and Growth,” Ogunleye said Nigeria was leveraging its more than 215 trillion cubic feet (tcf) of proven gas reserves to support domestic industrialisation and expand its export market.

He said the company’s Gas Master Plan (GMP) was designed to move Nigeria from its current 215 tcf reserves position to above 600 tcf.

“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 215tcf reserves position to above 600tcf,” Ogunleye said.

According to him, NNPC’s strategy is anchored on the Petroleum Industry Act (PIA), the Decade of Gas Framework and the Gas Master Plan, with increased production forming a major part of the country’s plans to unlock its gas resources.

Ogunleye said Nigeria’s domestic gas utilisation and exports would be pursued simultaneously, with gas exports expected to generate foreign exchange while greater domestic utilisation would support job creation, energy security and economic growth.

He described Nigeria as a reliable global gas supplier, pointing to the country’s existing liquefied natural gas infrastructure and expansion plans.

He said Nigeria LNG’s Trains 1-6 currently produce 22 million tonnes per annum (MTPA) and have exported more than 6,000 LNG cargoes since 1999, while Train 7 is expected to be completed in 2027.

Ogunleye also said Nigeria’s location gives it access to both the Atlantic Basin and Asian markets, describing the geographical advantage, combined with its gas reserves, as an opportunity to strengthen the country’s position in global gas trade.

He said the government had also taken steps to make new LNG projects more attractive to investors through the country’s legal and regulatory framework and 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.

NNPC’s gas strategy comes as global energy markets continue to face supply and security pressures, increasing the importance of gas supply, LNG infrastructure and investment in new energy projects.

GASTECH 2026 is being held in Bangkok, Thailand, bringing together energy companies, policymakers, investors and technology firms to discuss gas, LNG, hydrogen and low-carbon energy development.