Nigeria ready to launch?
Nigeria has massive, but long under-used gas reserves. Now, it may be about to find a local market
Over the past 18 months, interest in Nigeria’s domestic gas sector from both foreign and local investors has started to pick up, triggering pledges of more than $5bn of funding for four major projects. These ambitions still need to be turned into reality, but they could mark a significant upturn to the sector’s fortunes. The largest of these is a $3bn investment planned by the Dangote Group and indigenous oil producer, First Exploration & Production Development Company (First E&P) to connect the Offshore Gas Gathering System (OGGS), which belongs to Shell, to the western shore of Lagos where it will connect with a $12bn refinery and petrochemicals complex being built by businessman A
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
