ABUJA (CONVERSEER) – Nigeria plans to invest $60 billion in gas infrastructure over the next five to seven years to drive industrialisation and strengthen its position in the global energy market, the Nigerian National Petroleum Company Limited (NNPCL) announced at the Gastech conference in Milan.
The initiative aims to raise natural gas output to 12 billion cubic feet per day, expand refining capacity, and grow crude oil production from the current 1.6 million barrels per day to 2 million by 2027 and 3 million by 2030.
Ongoing projects include the Ajaokuta-Kaduna-Kano (AKK) pipeline, the West African gas pipeline extension to Morocco and Europe, and the expansion of Nigeria LNG, with Train 7 scheduled for completion in 2026 and plans for Trains 8 and 9 underway.
The government is also promoting clean energy adoption through LPG distribution, the rollout of two million cylinders nationwide, and a transition to Compressed Natural Gas (CNG) for vehicles and machinery.
With more than 200 untapped oil and gas fields available for development, officials are courting global investors, highlighting partnerships with energy giants such as ExxonMobil, Chevron, Shell, Agip, and Total.
Nigeria currently supplies 60% of LNG imports to Portugal and Spain and views geopolitical shifts, including the Russia-Ukraine war, as opportunities to accelerate regional pipeline projects and reinforce global energy security.
