Nigeria’s state energy company, Nigerian National Petroleum Company Limited (NNPC Limited), has outlined an ambitious roadmap to significantly expand the country’s gas reserves and attract large-scale investment into the sector.

Speaking at CERAWeek by S&P Global in Houston, the company’s Executive Vice President for Gas, Power and New Energy, Olalekan Ogunleye, revealed that Nigeria aims to grow its proven gas reserves from about 210 trillion cubic feet to a potential 600 trillion cubic feet under a new Gas Master Plan.

Ogunleye, who addressed a session on evolving global gas markets, said current geopolitical tensions affecting shipping routes in the Middle East have created fresh opportunities for Nigeria to strengthen its role in global liquefied natural gas supply. He noted that the country’s resource base and geographic positioning offer an advantage in serving key international markets.

According to him, the plan also targets a sharp rise in gas production from the present 7.4 billion standard cubic feet per day to 12 billion standard cubic feet per day by 2030. This would exceed the Federal Government’s projected growth expectations for the sector.

The NNPC executive further disclosed that the strategy is designed to draw about $60 billion in new investments through improved commercial terms and partnerships with industry players. He stressed that the programme is built on practical implementation rather than lofty projections, with annual work plans expected to drive measurable progress.