Saturday, August 29, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Business

NNPC Sets Ten Bcf Gas Production Benchmark

byJoy Ogbitse
January 31, 2026
in Business, Energy
0
24
VIEWS
Share on FacebookShare on Twitter



The Nigerian National Petroleum Company Limited has introduced the Gas Master Plan 2026 with a specific goal: increase national gas output to 10 billion cubic feet per day and reinforce energy security. The launch took place at the NNPC Towers in Abuja and signals a shift from planning to execution in the nation’s gas sector.

NNPC Ltd views the plan as a disciplined framework to translate Nigeria’s gas resources into measurable economic gains. The strategy responds to long-standing constraints in infrastructure and execution that have limited the value extracted from the country’s abundant reserves.

Government officials and industry leaders described the plan as commercially oriented and aligned with national development objectives. It prioritises cost efficiency, operational rigor and expansion of market access.

“Today’s launch is not merely the unveiling of a document; it represents a deliberate shift towards a more integrated, commercially driven and execution-focused gas sector aligned with Nigeria’s development aspirations,” said the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo.

“Nigeria is fundamentally a gas nation. With one of the largest proven gas reserves in Africa, our challenge has never been potential, but translation,” Ekpo added.

Group Chief Executive Officer Bashir Ojulari defined NGMP 2026 as a bold roadmap aimed at unlocking Nigeria’s gas potential and positioning the country as a competitive gas hub globally. Stakeholders such as the Independent Petroleum Producers’ Group and the Oil Producers Trade Section endorsed the focus on execution.

The plan sets clear, measurable targets. It aims to meet the presidential mandate of reaching 10 billion cubic feet per day by 2027 and expand further to 12 billion cubic feet per day by 2030. It also incorporates a projected $60 billion in new investments across the gas value chain by the end of the decade.

NNPC Ltd’s strategy emphasises infrastructure development in key market segments: power generation, compressed natural gas, liquefied petroleum gas, mini-LNG facilities and major industrial offtakers. Systematic resource development includes converting contingent resources into bankable reserves.

The plan reflects integration with national policy frameworks such as the Petroleum Industry Act and the Decade of Gas Initiative. These frameworks aim to improve investor confidence and align sector incentives with broader energy transition goals.

NNPC Ltd stated that collaborative and investor-centric planning underpins the framework. The company highlighted alignment among operators, partners and financiers as a critical enabler of projected growth.

Operational discipline is central to the plan’s rationale. Nigeria’s gas sector has struggled historically with infrastructure bottlenecks and execution gaps that limited output and market expansion. The new master plan formalises a shift from policy guidance to delivery-oriented implementation.

The NGMP 2026 also responds to internal demands for transparency and efficiency in the gas market. Recent reforms, such as the launch of an online gas trading, clearing and settlement platform, are expected to improve commercial operations and pricing mechanisms.

Nigeria’s proven gas reserves exceed 210 trillion cubic feet, with potential up to 600 trillion cubic feet. The plan leverages this resource base while focusing on export opportunities and strengthening domestic supply.

The overarching aim is to use gas as a catalyst for industrial growth and energy security. Successful implementation will require disciplined execution, strong cross-sector coordination and sustained investment.

In summary, the Gas Master Plan 2026 is a clear policy shift toward measurable delivery and economic value. It sets production targets, outlines investment paths and embeds commercial priorities into Nigeria’s gas sector strategy.

Tags: Bashir OjulariNigerian National Petroleum Company Limited (NNPC Ltd)Rt. Hon. Ekperikpe Ekpo
Joy Ogbitse

Joy Ogbitse

Next Post

NCC Reports Faster Urban Downloads Uneven Nationwide Access

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Seplat’s ANOH Gas Project Begins Supply

Seplat’s ANOH Gas Project Begins Supply

7 months ago

Nigerian Stock Market Softens as NCR Nigeria Surges Amid Profit-Taking

9 months ago

Popular News

  • Sahara Power Targets Q1 2027 Completion for $12m Lagos Power Plant

    0 shares
    Share 0 Tweet 0
  • NCC Pushes Homegrown Tech

    0 shares
    Share 0 Tweet 0
  • REA Lights Up Nigerian Education

    0 shares
    Share 0 Tweet 0
  • Nigeria Cocoa Exporters Face Costly EU Deforestation Test

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Airline Cost Crisis Deepens Despite Jet Fuel Relief

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .