Despite the wide infrastructure gap in Nigeria’s gas sector, last year, the upstream segment of the industry delivered a significant 77 per cent of its Domestic Gas Delivery Obligation (DGDO) as enshrined in the Petroleum Industry Act (PIA) 2021.
New data from the 2024 Annual Report of the Gbenga Komolafe-led Nigerian Upstream Petroleum Regulatory Commission (NUPRC), also showed that during the year, 2.511 Trillion Cubic Feet (TCF) of Gas was produced.
Besides, out of the 2.511 Tcf of gas produced, Joint Venture (JV) companies contributed 1.489 Bcf (59.30 per cent), Production Sharing Contract (PSC) companies produced a total of 0.660 Bcf (26.29 per cent), Sole Risk (SR) companies had an output of 0.255 Bcf (10.17 per cent), while Marginal Fields (MF) produced a total of 0.106 Bcf (4.24 per cent).
However, this was achieved amid Nigeria’s gas infrastructure deficit, which remains one of the most critical barriers to unlocking the full potential of the country’s vast natural gas reserves.
