The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled an ambitious Gas Master Plan (GMP) targeting an additional 1.8 billion cubic feet of gas per day (bcf/d) by 2026 — a move designed to turbocharge the country’s drive toward becoming a globally competitive gas hub. The disclosure was made at a media briefing with the Nigeria Guild of Editors in Abuja.
Under the plan, NNPC subsidiaries NUIMS and the Nigerian Exploration and Production Limited (NEPL) are projected to contribute 1.496 bcf/d and 223.6 million standard cubic feet per day (mmscfd) respectively this year. These volumes form a critical building block toward Nigeria’s broader national gas supply targets of 10 bcf/d by 2027 and 12 bcf/d by 2030.
NNPC Group Chief Executive Officer Engr. Bayo Ojulari described the plan as a commercially driven, execution-focused roadmap. “The plan is built to deliver the presidential mandate of increasing national production to 20 bcf/d by 2027 and 12 bcf/d by 2030, while catalysing over $60 billion in new investments across the oil and gas value chain by 2030,” he stated.
The GMP is structured around a hub-based development model that clusters gas assets by defined criteria. A hub-ranking exercise has identified 23 high-potential hubs expected to drive the bulk of Nigeria’s gas supply growth in the near to medium term. Key sectors earmarked to benefit include LNG, power generation, industrial parks, and compressed natural gas (CNG).
NNPC identified six critical success factors for the plan to deliver: sustained global and domestic gas demand; strong implementation governance; partner alignment; bankable project funding; competitive fiscal and commercial incentives, particularly for deepwater gas development; and resolution of persistent power sector challenges. A dedicated governance framework — led by the Head of the GMP Implementation Assurance Team — will oversee execution, supported by specialist teams covering subsurface, facilities, commercial strategy, legal, and communications.
Source: vanguardngr.com