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
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit
17 October 2024
In our final look back into the Petroleum Economist archives, we turn the clock back to September 2016
17 October 2024
Keynotes on first day of Dii Desert Energy Leadership Summit celebrated 15 years of progress and outlined strategies for accelerating clean energy
16 October 2024
The impact from Libya’s lost barrels versus the threats to Iranian supply highlight the type of buffer in the oil market and the demand implications