The Nigerian National Petroleum Company Limited has unveiled plans to increase Nigeria’s gas reserves from 215 trillion cubic feet to over 600 tcf, and raise national production to 12 billion cubic feet per day by 2030 as part of efforts to position the country as a global gas hub. The NNPCL Executive Vice President, G…

…increase the domestic use of gas, reduce gas flaring and ensure that the country’s vast gas reserves translate into more affordable energy for Nigerians.The President said Nigeria’s natural resources would have little economic value if they remained untapped or failed to improve citizens’ lives. He urged NLNG to balanc…

…Nigeria has warned that the country can no longer rely on the sheer size of its oil and gas reserves to win the increasingly competitive battle for global investment capital. PUNCH Online reports that Nigeria has about 37.01 billion barrels of proven oil and condensate reserves and 215.19 trillion cubic feet of natural…

…said. He added that other expected benefits included an increase in Nigeria’s oil and gas reserves, technology and skills transfer, and the creation of new jobs. PUNCH Online reports that Nigeria has been seeking to revive investment in its deep offshore petroleum sector as it targets higher crude oil production and se…

…power plants. “Nigeria cannot be among the six countries with the largest natural gas reserves in the world and still be experiencing recurring gas-related power crises,” he said. The post Aba residents, businesses count losses over two-week power outage appeared first on Vanguard News.

…initiative forms part of the Federal Government’s drive to leverage the country’s vast gas reserves to boost economic diversification, deepen industrialisation and improve energy security. However, industry stakeholders have consistently identified infrastructure limitations, evacuation constraints and commercial chall…

…A resource burned instead of used Nigeria has one of Africa’s largest proven natural gas reserves, estimated at more than 215 trillion cubic feet, yet gas flaring remains a persistent feature of oil production. According to NOSDRA’s 2025 Gas Flare Report, operators flared about 323 billion standard cubic feet (SCF) of…

…Capital follows credibility, not need alone,” she added, describing Nigeria’s vast gas reserves as central to industrialisation, manufacturing, clean cooking, energy justice and poverty reduction. The Vice Chancellor of the University of Ibadan, Prof. Kayode Adebowale, expressed concern that although Nigeria had develo…

…planned capacity is significant for Nigeria, which has one of the largest natural gas reserves in Africa but has continued to face infrastructure constraints that limit the ability to fully monetise its resources. The AAGP is therefore expected to provide a major export route while also supporting domestic and regional…

…a gas-powered one. Ekpo noted that with 215 trillion cubic feet (TCF) of proven natural gas reserves, which was the largest in Africa and among the top ten globally, the country held a highly strategic asset. The minister said the country was aggressively directing natural gas to power domestic industries, fertiliser a…