FG projecting 32% increase in daily gas production by 2030

Friday, September 5, 2025 - The Federal Government has set a target to increase the country’s daily gas production to 10 billion standard cubic feet by 2030.

This is in line with the government’s energy sector growth agenda.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said this yesterday in Abuja during meeting with the management of Nigeria LNG Limited (NLNG).

He said recent agreements, including the Deepwater deal with TotalEnergies, signal progress toward building a more competitive and investor-friendly environment for the country’s gas industry.

“Nigeria is positioning itself as a global player in energy, and the President has stabilised the economy and created new opportunities for both manufacturing and energy. As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,” Edun said.

According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s gas production averaged 7.59 billion standard cubic feet per day in July 2025. The government believes that ongoing reforms and strategic investments will help close the gap to meet the 2030 target.

Edun assured stakeholders that the administration is rolling out reforms to support growth in the sector, including digital trade systems to streamline oversight, eliminate inefficiencies, and ensure fairness. “We want a transparent, technology-driven environment where investors can operate with confidence,” he said.

NLNG Chief Executive Officer, Dr. Philip Mshelbila, provided updates on the company’s operations.

He reported stronger gas supply, improved security on the Trans-Niger pipeline, and higher capacity utilisation, which has now risen above 70 percent.

On infrastructure, Dr. Mshelbila pointed to progress on the Bodo-Bonny Road but also called for an extension to the East-West highway under the tax credit scheme to further strengthen logistics and supply networks.

The meeting, which brought together key industry stakeholders, focused on production targets, the investment climate, and reforms aimed at unlocking Nigeria’s gas potential.

As discussions continue, the government sees gas as a central pillar for economic growth and industrial development under the Renewed Hope Agenda of President Bola Ahmed Tinubu. With determination to harness its vast reserves, Nigeria is seeking to expand domestic utilisation, attract international investment, and strengthen its position in the global energy market.