Across the Midstream and Downstream Gas Infrastructure Finance, N671 billion in society capital has attracted on ₦1.6 trillion in personal investment. Taken together, the five projects account for regarding $7 billion.
Ekpo said the projects are evidence that responsible investment can assemble persistent domestic value, strengthen economical capacity and generate employment.
The federal government has placed its close to-term aim of 10 billion cubic feet per day (bcf/d) of gas production on concerning 20 identified gas projects, as investment commitments tied to the sector extend to around $3.5 billion.
The minister of status for Petroleum Resources (Gas), Ekperikpe Ekpo, said this at a media parley in Abuja. Reaching 10bcf/d would request concerning 2.5bcf/d of recent output, extra than three times the greater or smaller 0.7bcf/d added seeing that 2023. President, as we speak currently, we have on 20 gas projects that have been identified.”
Standard production has risen from around 6.86bcf/d to roughly 7.5bcf/d. He said the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) calculates the volumes each producer must deliver to the community promote prior to exporting.
“Not everything that is produced there will be exported,” he said. He described it as element of the endeavor to ramp up production.
“So there is hope and confidence that we will assemble that objective,” he said. “I consider we will see it.”
On the financial commitments, Ekpo said four large gas projects have reached FID, together accounting for extra or smaller $3.5 billion in committed investment. Ekpo said some power plants had lacked gas given that of the debts, and that furnish has improved given that the remittance. The pipeline can carry 2bcf/d and is expected to unlock greater than 500 MMscf/d of stepwise domestic supply. The OB3 pipeline is 100 per cent complete, and pre-commissioning has been concluded in preparation for earliest gas, following completion of the River Niger crossing. The government’s broader aim is regarding $30 billion in gas investment by 2030.
The federal government furthermore said that community capital is drawing in restricted assets. The Ajaokuta-Kaduna-Kano (AKK) pipeline is regarding 95 per cent finished.
At Nigeria LNG, nameplate capacity utilisation has risen from regarding 59 per cent in 2023 to concerning 87 per cent year-to-date in 2026. The sponsor covers 31 projects and 205 infrastructure assets that could send regarding 475 million conventional cubic feet a day (MMscf/d) to the domestic offer when fully functioning.
On gas-to-power, the Countrywide Economic Council approved around N185 billion in validated legacy debt payments owed to upstream gas producers. The Train 7 expansion, targeted for completion in June 2027, will include regarding 8 million tonnes per annum to the available 22 million, taking capacity to on 30 million tonnes.
Proven (2P) gas reserves have grown from on 208.83 trillion cubic feet in 2023 to 215.19 trillion cubic feet as at January 1, 2026.
Ekpo said the federal government is pushing for final investment decision (FID), the aspect at which a developer commits money to develop, on all 20 projects.
“We are functioning towards getting FID for all those projects so that they can come on stream,” he said.
He added that some projects already completed have not yet started production.
The minister furthermore pointed to the gas master scheme not extended ago launched by NNPC Modest, which he said did not exist ahead of. He said the figure of projects in the pipeline has doubled because he assumed office in 2023.
“When I assumed office, under the Department of Gas, we were having concerning 10 gas projects,” he said. “But using the directive of Mr. He added that he would not intervene when an administrator sought relief from its obligation.
He said associated and non-relevant gas production now stands at around 50-50, and that a presidential command has provided incentives for non-joined gas development.
The government’s longer-term objective is 12bcf/d by 2030.
Ekpo additionally said that domestic gas furnish has crossed 2bcf/d. He said the compensation is concerning restoring commercial discipline, improving deliver reliability and rebuilding investor confidence.
Domestic obligation
Ekpo said gas projects aimed at the export handle must earliest see their domestic grant obligations, which are group in law. These conceal; Iseni Project, concerning $122 million; Ubeta Project, around $566 million; HI Project, $2 billion and Ima Project, $800 million.
He said a independent project, the Brass Methanol Project, too valued at around $3.5 billion, has developed towards execution following resolution of its Gas Sales and Purchase Agreement.
Source: Federal Govt Hinges 10bcf/d Gas Output Target On 20 Projects Amid $3.5bn Investment Commitments
