Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Ian Lewis
23 February 2016
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Power to the people

As LNG growth plans fade, improving the domestic market is the priority for Nigeria to make use of its abundant gas reserves

Nigeria’s efforts to exploit its huge gas reserves, both for export and to improve the local economy, have been underwhelming. The new government of President Mohammed Buhari has a chance to change this, as long as performance matches the rhetoric. The country has around 185 trillion cubic feet of gas resources, the world’s seventh-largest trove, but only produces around 4.5bn cf/d of sales gas (excluding flared gas, which accounts for well over a third of total gas produced). Most of that sales gas, or about 3.5bn cf/d, goes for export to Nigeria’s only liquefied natural gas plant, the six-train, 22m-tonnes-a-year NLNG project, which runs at full capacity.Nigeria once had bigger plans for L

Also in this section
Outlook 2026: Grand plan for offshore leasing should give boost to US Gulf
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
Outlook 2026: Revitalising Syria’s oil and gas sector – A new chapter
Outlook 2026
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
Outlook 2026: LNG markets and the overhang
Outlook 2026
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: Energy realism regains the initiative from energy idealism
Outlook 2026
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search