Nigeria’s state energy company and its partners plan to more than triple the West African country’s gas supply for domestic consumption within the next three years, it said on Tuesday.
Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf).
The Nigerian National Petroleum Corporation’s (NNPC) statement said it wanted, along with its partners, to grow gas supply for domestic consumption from 1.3 billion standard cubic feet per day (bscf/d) to 5 bscf/d by 2020.
NNPC said it and seven other oil and gas companies had identified seven projects that would require fast-track completion to meet the growth target.
The projects include Assa North-Ohaji South Field Development and Oil Mining Lease (OML) 24 and Chevron Nigeria Limited’s OML 49 Makaraba Cluster Development.
Dr. Maikanti Kacalla Baru, group managing director of NNPC, said “alternative funding through third party financing option would be adopted to facilitate execution of these vital projects”, according to the statement.
