Nigeria’s domestic gas supply has crossed 2 billion cubic feet per day (bcf\/d), as the \u200bgovernment pushes to expand supplies to power plants \u200cand industries and reduce constraints on economic growth, the country’s gas minister said on Friday.<\/p>\n
Gas production rose to 7.5 bcf\/d \u200bfrom about 6.8 bcf\/d in 2023, Minister of \u200bState for Petroleum Resources (Gas) Ekperikpe Ekpo said. Proven \u2060gas reserves have increased to 215.19 trillion cubic feet (tcf) \u200bfrom 208.83 tcf, Ekpo said.<\/p>\n
Nigeria is targeting gas production of \u200b10 bcf\/d by 2027 and 12 bcf\/d by 2030 to meet growing demand from power generation, industry, fertiliser production, petrochemicals, liquefied \u200bnatural gas (LNG), transportation and export markets.<\/p>\n
To support higher domestic \u200bsupply, the Obiafu-Obrikom-Oben (OB3) pipeline has reached full completion and is being \u200cprepared \u2060for first gas, Ekpo said. The pipeline can transport 2 bcf\/d and is expected to unlock more than 500 million standard cubic feet per day (MMscf\/d) of additional \u200bgas for the \u200bdomestic market.<\/p>\n
The \u2060Ajaokuta-Kaduna-Kano (AKK) pipeline is about 95% complete, he added.<\/p>\n
Ekpo said 671 billion naira ($434 million) deployed \u200bthrough the Midstream and Downstream Gas Infrastructure \u200bFund had \u2060attracted about 1.6 trillion naira in private investment across 31 projects and 205 infrastructure assets.<\/p>\n
The projects are expected to \u2060deliver \u200babout 475 MMscf\/d to the \u200bdomestic market when fully operational. Nigeria is targeting about $30 billion in gas-sector \u200binvestment by 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigeria’s domestic gas supply has crossed 2 billion cubic feet per day (bcf\/d), as the \u200bgovernment pushes to expand supplies to power plants \u200cand industries and reduce constraints on economic growth, the country’s gas minister said on Friday. Gas production rose to 7.5 bcf\/d \u200bfrom about 6.8 bcf\/d in 2023, Minister of \u200bState for Petroleum […]<\/p>\n","protected":false},"author":6,"featured_media":8709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":4,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2831,2362,27],"tags":[5509,175,5510],"class_list":["post-22190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-featured","category-west-africa","tag-ekperikpe-ekpo","tag-nigeria","tag-obiafu-obrikom-oben-ob3-pipeline"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=22190"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22190\/revisions"}],"predecessor-version":[{"id":22191,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22190\/revisions\/22191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/8709"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=22190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=22190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=22190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}