NNPC urges investors as gas projects gain momentum
Nigeria’s shift towards a gas-led economy is accelerating, with the Nigerian National Petroleum Company Limited (NNPC) and industry stakeholders seeking more investments in compressed natural gas infrastructure. Olalekan Ogunleye of NNPC highlighted the country’s transition from oil to gas as a core strategy for energy security and industrial growth. The proposed mini-LNG and L-CNG station in Gwagwalada, Abuja, is positioned as a key project to drive this transformation. Stakeholders emphasized the potential for job creation, reduced transport costs, and environmental benefits.
TLDR
- NNPC is calling on investors to capitalize on new opportunities in Nigeria’s gas sector, especially in compressed natural gas infrastructure.
- The mini-LNG and L-CNG project in Gwagwalada, Abuja, is expected to boost domestic gas supply, support industry, and reduce reliance on diesel.
- Olalekan Ogunleye stated that Nigeria aims to increase gas production to 10 billion cubic feet per day by 2027 and 12 billion by 2030.
- Over $200 million in private investments and more than 300 CNG conversion centres have already been established nationwide.
- The government is promoting CNG adoption and expanding infrastructure to reduce fuel imports, lower energy costs, and improve air quality.
