Decade of Gas tracks $80b worth gas projects
Nigeria's 'Decade of Gas' initiative is tracking 96 projects requiring $80 billion in investment to expand the country's gas infrastructure and production capacity. Industry leaders emphasize that success depends on moving from planning to execution and improving the investment environment.
Why it matters
Developing gas infrastructure is vital for Nigeria's economic growth and energy security, as the country seeks to transition its resources into domestic and export markets.
Decade of Gas is tracking 96 gas projects across production, infrastructure and utilisation, with a combined estimated investment requirement of about $80 billion, as Nigeria seeks to expand gas supply and connect more of its resources to domestic and export markets .
The projects comprise 20 upstream gas developments with a combined potential of 4.7 billion cubic feet per day (bcf/d), 16 critical infrastructure projects and 60 gas utilisation projects spanning compressed natural gas (CNG) , liquefied natural gas (LNG), power generation, fertiliser, methanol and floating LNG developments.
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