NLNG Seeks Stranded‑gas Commercialisation, Interconnected Infrastructure
Nigeria Liquefied Natural Gas Limited (NLNG) is advocating for a strategic shift toward commercializing stranded gas and developing shared infrastructure to prevent a projected supply deficit by 2030. The company emphasizes the need for private investment and the utilization of incentives provided by the Petroleum Industry Act.
Why it matters
Optimizing gas infrastructure is critical for Nigeria's economic growth and energy security as the country seeks to leverage its vast natural resources.
The Nigeria Liquefied Natural Gas Limited (NLNG) has expressed concerns about projections which has indicated that by 2030, Nigeria could face a gas supply deficit despite its enormous reserves, stressing that the gap should be viewed as an opportunity rather than a constraint.
To reduce the impact of that scenario on the economy, the Company suggests for broader strategy to commercialize stranded gas resources, develop interconnected infrastructure and full implementation of incentives under the Petroleum Industry Act (PIA).
The General Manager, Commercial, NLNG, Mr. Timothy Fakrogha, gave the suggestion during a panel session at the Nigeria Oil and Gas (NOG) Energy Week in Abuja, where he said the forecast underscored the need to unlock Nigeria’s gas potential.
According to Fakrogha, “Nigeria possesses abundant gas resources, much of them remain in speculative reserves, there is need to convert them into bankable proven reserves capable of attracting investments.
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