Nigeria, a major LNG exporter and possessing significant natural gas reserves, faces challenges in expanding its domestic gas industry despite strong performance in LNG exports. International Oil Companies are opting for more cost-effective projects elsewhere, and the global shift to cleaner energy labels gas as a declining commodity. The Energy Transition Plan (ETP) amplifies the urgency, projecting a demand rise until 2040 followed by a sharp decline due to renewables and affordable carbon capture technologies. To address this, key policy recommendations are outlined. Priorities include enhancing gas infrastructure, diversifying its usage, establishing transparent pricing mechanisms, addressing security concerns, and encouraging international collaboration and investment. These strategies aim to harness Nigeria’s gas potential, especially after removing petrol subsidies, and drive its transition towards cleaner energy. However, successful implementation hinges on dedicated governmental support.
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