Nigeria has established itself as a reliable global supplier of gas and is on a major expansion drive, the Nigerian National Petroleum Company Limited’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, has said.
He disclosed this while speaking at the 2026 Gas Technology & Exhibition Conference (GASTECH), taking place in Bangkok, Thailand
Ogunleye, who spoke on a panel themed: “The New LNG Order: Leadership Strategies for Energy Security and Growth” cited key LNG projects, including Trains 1-6 which produce 22 million tonnes per annum (MTPA) and have exported over 6,000 cargoes since 1999, alongside Train 7 which is due for completion in 2027.
He also said as geopolitics, conflict and other factors continue to affect global energy supply and demand, Nigeria is leveraging its over 215 trillion cubic feet (tcf) of proven reserves to power domestic industrialization and expand export reach.
“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 stated.
He explained that the Company’s focus is hinged on reinforcing coordination, anchored on the Petroleum Industry Act (PIA), Decade of Gas Framework and the GMP, with the near-term target to ramp up national production of gas to 10 billion standard cubic feet per day (Bcf/d) by 2027 and 12 Bcf/d by 2030.
According to him, Nigeria’s geographical advantage — well-positioned to serve both Atlantic Basin and Asian markets — has placed the country as a strategic supplier to global markets.
He added that this advantage is complemented by Nigeria’s substantial gas resource base and a renewed national focus on gas development.
He said Nigeria’s domestic gas utilisation and gas for export are not mutually exclusive, as the country has adopted a dual pathway which leverages exports for foreign exchange earnings while advancing domestic gas utilization to create job opportunities, deepen energy security, and economic wellbeing.
Ogunleye also said Nigeria has de-risked new LNG projects through a robust legal and regulatory framework supported by attractive 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,” Ogunleye added.
