The federal government has listed a series of developments in Nigeria’s gas sector, including about $3.5 billion in fresh investments that have reached Final Investment Decision (FID) under President Bola Tinubu, reiterating that it plans to turn the country’s vast gas reserves into a major source of industrial growth.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this in Abuja at the weekend during a media parley, mentioning the four projects that had reached FID as Iseni Project valued at approximately $122 million, Ubeta at $566 million, the HI Project at $2 billion and the Ima Project at $800 million.
According to him, the four projects collectively represented approximately $3.5 billion in committed investment, while the approximately $3.5 billion Brass Methanol Project had also advanced towards execution, following the resolution of its Gas Sales and Purchase Agreement (GSPA).
Ekpo said the developments were evidence that investor confidence was returning to the gas sector, stressing that the federal government’s focus was now on increasing production, accelerating infrastructure development, expanding domestic utilisation and ensuring that gas resources translated into tangible economic benefits.
“This administration will therefore remain accountable for turning these approvals —and Nigeria’s gas wealth—into reliable energy, stronger industries, more jobs and lasting prosperity. The investment commitments now before us show that this next phase is already taking shape.
“That confidence is evident in four major gas projects that have reached Final Investment Decision (FID): Iseni Project, at approximately $122 million; Ubeta Project, at approximately $566 million; HI Project, at $2 billion; and Ima Project, at $800 million. Together, they account for approximately $3.5 billion in committed investment.
“The approximately $3.5 billion Brass Methanol Project has also advanced towards execution following resolution of its Gas Sales and Purchase Agreement. These are not merely project milestones; they are evidence that responsible investment can create enduring domestic value, strengthen productive capacity and generate employment,” he stated.
He reiterated Nigeria’s proven 2P gas reserves had risen from approximately 208.83 trillion cubic feet (TCF) in 2023 to 215.19 TCF as at January 1, 2026, while average gas production increased from about 6.86 billion cubic feet per day (bcf/d) to approximately 7.5 bcf/d.
Domestic gas supply, he added, had now crossed 2 bcf/d, with the federal government targeting production of 10 bcf/d by 2027 and 12 bcf/d by 2030. He explained that the expansion was critical to meeting growing demand from power generation, industries, fertiliser and petrochemical plants, LNG, transportation and other domestic and export markets.
The minister also disclosed that Nigeria LNG’s nameplate capacity utilisation had recovered significantly, rising from approximately 59 per cent at the beginning of the administration in 2023 to about 87 per cent year-to-date in 2026.
He attributed the improvement partly to increased stability in the Niger Delta and greater participation by indigenous companies in upstream production. According to him, the momentum would be further strengthened by the Train 7 project, which is under construction and targeted for completion in June 2027.
He said the project would add approximately 8 million tonnes per annum to the existing 22 million tonnes of LNG capacity, taking total capacity to about 30 million tonnes per annum.
“Nigeria LNG is also recording a strong operational recovery. At the start of this administration in 2023, nameplate capacity utilisation stood at approximately 59 per cent. Year-to-date in 2026, it has risen to about 87 per cent.
“That momentum will be strengthened by Train 7, now under construction and targeted for completion in June 2027. The project will add approximately 8 million tonnes per annum (MTPA) to the existing 22 MTPA capacity—taking total production capacity to about 30 MTPA,” he stressed.
Ekpo said the expansion would strengthen Nigeria’s gas-processing capacity, increase export potential, support domestic LPG supply and reinforce the country’s position in the global LNG market.
On the government’s wider gas policy, the minister said the institutionalisation of the Decade of Gas initiative recently approved by President Bola Tinubu would provide an enduring framework for coordinating policies, implementation and accountability across the gas value chain.
He said the initiative would focus on increasing supply, creating demand, expanding infrastructure, attracting investment, developing skills, reforming the market and reducing emissions.
He stated that the ultimate objective was to use gas to support more reliable electricity, stronger industries, cleaner transportation and cooking, job creation, export earnings and economic diversification.
