• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria To Market Gas Exploration Opportunities At IAE Paris Forum

by Chika Izuora
1 year ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria is planning to meet key investors in the energy sector with specifically brandishing the government’s gas development blueprint.

Advertisement

Already, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, is scheduled to speak and dwell on this at the Invest In African Energy, IAE, on May 14-15.

Connecting with global investors in Paris, Ekpo will outline investment opportunities in Nigeria’s gas sector, drawing attention to exploration prospects and infrastructure requirements.

Nigeria aims to increase gas production to 5.5 billion cubic feet (bcf) per day by 2030, and launched a Decade of Gas initiative in 2021 to achieve this goal.

The country holds the largest proven natural gas reserves in Africa, measured at over 200 trillion cubic feet (tcf) of which 139 tcf is recoverable.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

3 hours ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

7 hours ago

With much of these resources largely undeveloped and the government placing gas as a priority resource for industrialization, Nigeria offers a wealth of opportunities for project developers across the gas value chain.

The IAE 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers.

To stimulate investment in deepwater gas fields, Nigeria is planning to launch a 2024 licensing round.

The country has also issued a call for upstream investments, with several commitments already being made.

Energy major Shell has announced plans to invest up to $1 billion over the next ten years to develop Nigerian gas while multinational Chevron plans to invest in seismic data acquisition in several deepwater blocks.

The American company also intends to expand its Agbami field project and has partnered with supermajor TotalEnergies on OPL 215.

On the production side, TotalEnergies kickstarted operations at the Akpo West field in February 2024, increasing output at the field by 14,000 barrels of condensate per day. The project is expected to produce an additional four million cubic meters of gas by 2028.

The country also expects FID to be made for its first FLNG facility in Q1, 2024, with a shareholders agreement signed in December 2023 for the development of the 1.8 billion tons per annum project. To meet 2030 production targets, new investment is needed in upstream gas.

Downstream, Shell made FID for the construction of a gas supply facility earlier this month. The project will deliver feedstock for the Dangote Fertilizer and Petrochemical plant for a period of ten years, supplying up to 100 million standard cubic feet of gas per day. Efforts to advance pipeline infrastructure to support industry growth, power generation and regional distribution are also showing positive results.

The Ajaokuta-Kaduna-Kano pipeline – a two billion cubic feet per day (bcm/d) project – is expected to be completed by mid-2024 while a meeting was held in January 2024 to expedite the development of the 3.3 bcm/d Nigeria-Morocco pipeline project.

Additionally, construction of a seventh train at the country’s inaugural LNG project – Nigeria LNG (NLNG) – is also underway, with the project reaching 52 per cent completion as of November 2023.

NLNG has been exporting LNG to international markets for over 20 years, and the addition of a new train will increase production by 7.6 million tons per annum.

The is a testament to the potential for large-scale project developments in the country, yet additional investments are required to bring the plant to its full capacity, highlighting lucrative opportunities for foreign firms. Further insight will be provided during the IAE 2024 forum.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Ekperikpe EkpoGas
SendShareTweetShare
Previous Post

Keyamo Seeks PPP To Improve Infrastructure Development At Airports

Next Post

SON Certification Department Gets IAS Int’l Accreditation

Chika Izuora

Chika Izuora

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

Kwara United Win 2025 President Federation Cup

PICTORIAL: 300 Journalists Benefit From Abuja NUJ, Nizamiye Hospital Medical Outreach

Nollywood Filmmaker, Kayode Peters, Dies In Canada

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

Dantata Leaves Monumental Legacy In Philanthropy, Entrepreneurship — Buhari

Rivers Angels Beat Nasarawa Amazons To Win 2025 President Federation Cup

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.