Nigeria’s gas ambitions gain ground
But regulatory and feedstock issues continue to hinder the pace of progress
Nigeria’s government has declared a “decade of gas”, with ambitious plans to expand the country’s gas production, use and exports. And while progress is being made, Nigeria still faces significant hurdles, especially around legacy underinvestment, infrastructure and monetising its ample reserves. In late June, a joint venture comprising TotalEnergies and former NOC NNPC took FID on the Ubeta project. The Ubeta gas and condensate field is about 80km northwest of Port Harcourt in OML58, and once onstream will produce 350mcf/d and 10,000b/d of associated liquids, “contributing towards securing gas supply to NLNG”, NNPC said. Production is expected to start in 2027 and plateau at around 300mcf/d

Also in this section
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors