NNPC Reveals Nigeria Needs $22 Billion for Gas Pipeline Infrastructure Boost
The Nigerian National Petroleum Corporation (NNPC) discloses that Nigeria requires a substantial $22 billion investment to boost its gas pipeline infrastructure. This investment is part of a comprehensive strategy outlined in the NNPC Gas Master Plan (GMP) 2026 to address the country's significant gas reserves, estimated at 210 trillion cubic feet.
The GMP 2026 focuses on enhancing midstream infrastructure to meet industrial and power demands, with projects like the Ajaokuta-Kaduna-Kano (AKK) and OB3 pipelines. NNPC aims to increase gas commercialization to 80% by 2030, reduce gas flaring, and redirect gas towards power generation and industrial use.
The plan also includes expanding existing hubs like Gbaran, Soku, Obagi, and Obob to increase gas processing capacity. NNPC targets to eliminate routine gas flaring by 2027 and shift towards sustainable gas utilization for economic growth.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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