- The Paris energy summit, scheduled for May, will provide the platform to connect with global investors, policymakers, and project developers and explore Nigeria’s vision for gas monetisation.
- Nigeria has signed agreements with Algeria and Niger to fast-track the Trans-Saharan Gas Pipeline and preparing to finalise deals for the Nigeria-Morocco gas pipeline in 2025.
Nigeria’s ambitious plans to expand its gas sector will take centre stage at the upcoming Invest in African Energy (IAE) Forum in Paris this May. At the Paris energy summit, the Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo will highlight the country’s evolving energy strategy.
With over 200 trillion cubic feet of proven gas reserves, Nigeria is positioning itself as a key player in the global energy transition, prioritising natural gas as a cleaner alternative to traditional fossil fuels. The country actively seeks $10 billion in deepwater gas exploration investments, offering tax incentives and policy reforms to attract international stakeholders.
A major focus of Nigeria’s energy drive is infrastructure expansion. The Nigerian National Petroleum Company (NNPC) is leading a $1.2 billion rehabilitation of the Obiafu-Obrikom-Oben (OB3) gas pipeline, a crucial project to boost domestic supply for power generation and industrial use.
Meanwhile, Nigeria has reinforced its commitment to transcontinental gas trade, signing agreements with Algeria and Niger to fast-track the Trans-Saharan Gas Pipeline and preparing to finalise deals for the Nigeria-Morocco gas pipeline in 2025.
On the project front, the country is advancing its $500 million Ubeta onshore field development, which is expected to start gas production in 2027 for the Nigeria LNG plant. In addition, the $750 million Ima dry gas project is slated for final investment approval this year, further expanding Nigeria’s gas production capacity.
The IAE 2025 forum, scheduled for May 13-14, 2025, is a premier platform connecting African energy markets with global investors, policymakers, and project developers. Minister Ekpo’s participation will provide deeper insights into Nigeria’s regulatory landscape, investment climate, and long-term vision for gas monetisation.
With the global energy industry shifting towards cleaner solutions, Nigeria’s strategic push for gas development underscores its commitment to economic growth, regional energy security, and sustainable resource management.