President Bola Tinubu has already introduced extensive reforms
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
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
