NNPC Targets 600TCF Gas Reserves, 12 Bcf/d Output by 2030
According to a statement, NNPC’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 during a panel session themed “The New LNG Order: Leadership Strategies for Energy Security and Growth”, said Nigeria would leverage its over 215 TCF of proven gas reserves to drive domestic industrialisation and expand its export market.
He said NNPC was implementing a Gas Master Plan (GMP) designed to bridge the gap between Nigeria’s current gas reserves and its potential, with the ambition of increasing reserves to above 600 TCF.
According to him, the company’s strategy is anchored on the Petroleum Industry Act, Decade of Gas Framework and the GMP, with targets to raise 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 major global gas supplier, citing the Nigeria LNG project’s Trains 1-6, which have a combined production 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, further strengthening Nigeria’s position in the global LNG market.
The NNPC executive said Nigeria’s strategic location, substantial gas reserves and focus on gas development had positioned it to serve both Atlantic Basin and Asian markets.
He stressed that domestic gas utilisation and exports were not mutually exclusive, noting that the country’s dual-track approach would use exports to generate foreign exchange while expanding domestic gas utilisation, creating jobs and improving energy security.
Ogunleye also said Nigeria had de-risked new LNG investments through a strengthened legal and regulatory framework, alongside fiscal incentives designed to attract investors.
He urged investors and financiers to take advantage of the opportunities in Nigeria’s gas sector, particularly as efforts continue to improve security, competitive gas pricing and reliable gas supply.
GASTECH, now in its 54th edition, is a major global conference and exhibition focused on natural gas, LNG, hydrogen and low-carbon solutions. The 2026 edition is bringing together about 50,000 participants from more than 150 countries.
