The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to developing multiple pathways to transform Nigeria into a global gas hub.
NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, disclosed this on Monday while speaking at the 2026 Gas Technology & Exhibition Conference (GASTECH) in Bangkok, Thailand.
Ogunleye, who spoke on a panel titled, “The New LNG Order: Leadership Strategies for Energy Security and Growth,” said Nigeria was leveraging its over 215 trillion cubic feet (tcf) of proven gas reserves to drive domestic industrialisation and expand exports.
He said NNPC Ltd. was implementing a Gas Master Plan (GMP) designed to move the country from its current 215tcf reserve base to over 600tcf.
“Gas development and monetisation from Nigeria’s standpoint is a purely commercial play,” Ogunleye said, adding that the company’s strategy was anchored on the Petroleum Industry Act, the Decade of Gas Framework and the GMP.
He said Nigeria aims to increase national gas production to 10 billion standard cubic feet per day (Bcf/d) by 2027 and 12 Bcf/d by 2030.
Ogunleye said Nigeria was already a reliable global gas supplier, citing the Nigeria LNG project’s Trains 1-6, which have a combined capacity of 22 million tonnes per annum (MTPA) and have exported more than 6,000 LNG cargoes since 1999. He added that Train 7 was expected to be completed in 2027.
He noted that Nigeria’s strategic location between the Atlantic Basin and Asian markets, coupled with its vast gas reserves and renewed focus on gas development, positioned the country to expand its role in the global market.
Ogunleye said domestic gas utilisation and exports were not mutually exclusive, stressing that Nigeria was pursuing a dual pathway that uses exports to generate foreign exchange while expanding domestic gas use to create jobs, strengthen energy security and support economic growth.
He said new LNG projects had been de-risked through a strengthened 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 said.
GASTECH is a major global conference and exhibition focused on natural gas, LNG, hydrogen and low-carbon solutions.
The 54th edition is bringing together about 50,000 participants from more than 150 countries, including energy experts, chief executives, policymakers, investors and technology leaders, to discuss energy security, LNG supply, infrastructure investment and decarbonisation.
