Ekpo: Nigeria Can Boost Gas Output to over 5bn Cubic Feet Daily by 2030

Emmanuel Addeh in Abuja

Nigeria has sufficient natural gas reserves and can increase its production to more than 5 billion cubic feet per day by 2030, Minister of State for Gas, Ekperikpe Ekpo has said.

He told the audience at the recently concluded Gastech conference in Singapore that the country remains a major destination for business concerns interested in the sector.

“In Nigeria, it has been declared a decade of gas from 2020 to 2030. So by 2030, we’ll get to 5.5 billion cubic feet on daily production (57 billion cubic meters a year),” Ekpo said.

He added that there were funds available to finance expansion, without elaborating, according to a Reuters report.

Nigeria’s gas output declined by nearly 11 per cent from the previous year to 40.4 bcm in 2022, down from over 49 bcm a year in 2019 and 2020, according to industry body the Energy Institute.