In 2024, the total production volume of natural gas in Nigeria was close to ** billion cubic meters. This was an increase from the previous year. In the period under review, the production of natural gas reached its lowest in 2013 at **** billion cubic meters.

Key information about Nigeria Natural Gas Production: OPEC: Marketed Production

• Nigeria Natural Gas Production: OPEC: Marketed Production was reported at 44,322.000 Cub m mn in Dec 2024
• This records an increase from the previous number of 42,403.000 Cub m mn for Dec 2023
• Nigeria Natural Gas Production: OPEC: Marketed Production data is updated yearly, averaging 4,421.000 Cub m mn from Dec 1960 to 2024, with 65 observations
• The data reached an all-time high of 49,947.292 Cub m mn in 2020 and a record low of 0.000 Cub m mn in 1962
• Nigeria Natural Gas Production: OPEC: Marketed Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.NG: Natural Gas Production: Marketed Production

NLNG 1 and 2, a two-train production plant in Nigeria, had a total natural gas liquefaction capacity of seven million tons per year in 2023. These plants are owned by Nigeria LNG Limited (NLNG), the main explorer of natural gas resources in Nigeria. Moreover, NLNG 7 had a a total capacity of seven million tons per year, albeit under construction, while NLNG 4-6 each had a capacity of 4.1 million tons per year.

Nigeria Energy Balance: Primary: Natural Gas: Production data was reported at 4,505.000 Cub m mn in Feb 2025. This records a decrease from the previous number of 4,949.000 Cub m mn for Dec 2024. Nigeria Energy Balance: Primary: Natural Gas: Production data is updated monthly, averaging 4,053.169 Cub m mn from Jan 2014 (Median) to Feb 2025, with 133 observations. The data reached an all-time high of 6,590.162 Cub m mn in Jan 2024 and a record low of 2,699.857 Cub m mn in Aug 2016. Nigeria Energy Balance: Primary: Natural Gas: Production data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s Nigeria – Table NG.JODI.WDB: Energy Balance: Gas. Natural Gas Natural gas is defined as a mixture of gaseous hydrocarbons, primarily methane, but generally also including ethane, propane and higher hydrocarbons in much smaller amounts and some non-combustible gases such as nitrogen and carbon dioxide. It includes both non-associated gas and associated gas. Colliery gas, coal seam gas and shale gas are included while manufactured gas and biogas are excluded except when blended with natural gas for final consumption. Natural gas liquids are excluded.; Production Dry marketable production within national boundaries, including offshore production, measured after purifi cation and extraction of NGL and sulphur. Production does not include quantities reinjected, extraction losses or quantities vented or fl ared. It should include quantities used within the natural gas industry, in gas extraction, pipeline systems and processing plants.

View yearly updates and historical trends for Nigeria Natural Gas Production. Source: Energy Institute. Track economic data with YCharts analytics.

The Nigeria Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

In February 2023, a total of *** billion standard cubic feet per day of natural gas was produced in Nigeria. Associated gas represented ***** percent of this production, with about *** billion standard cubic feet per day, while non-associated natural gas production reached about ** billion standard cubic feet per day.

In 2023, natural gas demand in Nigeria reached around **** billion standard cubic meters. This increased from approximately ** billion standard cubic meters in the preceding year and was the highest volume since 2000. Overall, the country had proven natural gas reserves of approximately *** trillion standard cubic meters as of 2023.

The size of the Africa Natural Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.50">> 4.50% during the forecast period. Recent developments include: In September 2022, The Nigerian National Petroleum Company Limited (NNPCL) announced its intention to sign a Memorandum of Understanding (MoU) on developing a gas pipeline with Morocco's National Office of Hydrocarbons and Mines and the commission of the Economic Community of West African States (ECOWAS). As a result of the MoU, the 7,000-kilometre Nigeria-Morocco gas pipeline project is expected to ramp up gas supply to Europe. Upon the project completion, 3 billion standard cubic feet of gas is expected to be supplied along the coast of West Africa from Nigeria, Benin, Togo, Ghana, Cote d'Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal, Mauritania to Morocco., In May 2022, Sonatrach and Eni signed a Memorandum of Understanding (MoU) in Rome to accelerate the development of gas fields in Algeria. In a more specific way, the Memorandum of Understanding is going to help Sonatrach and Eni assess the gas potential and opportunities for accelerated development at specific Algerian fields already discovered by SONATRACH. According to the agreement, Algeria is expected to export approximately 3 billion cubic meters of gas annually through the Transmed pipeline through the areas covered by the agreement.. Key drivers for this market are: 4., Increasing Amount of Waste Generation, Growing Concern for Waste Management to Meet the Needs for Sustainable Urban Living4.; Increasing Focus on Non-fossil Fuel Sources of Energy. Potential restraints include: 4., Expensive Nature of Incinerators. Notable trends are: Governments Moving Towards the Cleaner Energy Sources is Driving the Market.

Forecast: Natural Gas Liquids Production in Nigeria 2023 - 2027 Discover more data with ReportLinker!

The Nigeria oil and gas market attained a volume of 1.37 MMT in 2024. Rising indigenous participation and local content development, spurred by the country’s Petroleum Industry Act, attract private investments, boosting upstream output and infrastructure growth across marginal oil fields and gas processing zones. As a result, the market is expected to grow at a CAGR of 5.30% during the forecast period of 2025-2034 to reach a volume of 2.30 MMT by 2034.

The Nigerian market is continuously growing due to renewed investments, reforms initiated by the government, and rising global interest. The Petroleum Industry Act (PIA), enacted in 2021, has been a major turning point, streamlining governance and providing fiscal clarity to attract further foreign investments. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country recorded over USD 10 billion in new oil and gas investments by mid-2024, indicating the significant growth in the market.

Moreover, the Nigerian National Petroleum Company Limited (NNPCL) has transitioned into a fully commercial entity. This move, completed in July 2022, has opened up several opportunities for strategic partnerships, notably with Daewoo and ENI, to expand refinery capacity and optimise liquefied natural gas (LNG) output, thereby accelerating the Nigeria oil and gas market development. As a result, the country’s oil production, which dipped to 1.2 million barrels per day in 2022 due to pipeline vandalism and theft, is rebounding with a target of 1.7 million barrels per day in 2025.

Additionally, the Decade of Gas initiative, launched by the government, aims to leverage the country’s 206 trillion cubic feet of proven gas reserves for industrial and export purposes. This has been another key motivator of the Nigeria oil and gas market growth. The Nigeria-Morocco Gas Pipeline, a USD 25 billion project, has garnered further support from ECOWAS, reinforcing Nigeria’s ambition to become West Africa’s gas powerhouse.

In 2024, Shell produced approximately **** million barrels of oil and natural gas liquids in Nigeria. Compared to 2022, Shell's production in Nigeria experienced an increase. The company’s highest production volume in the country was recorded in 2019, at about **** million barrels.

The Nigeria Oil and Gas Market is projected to reach a substantial [Estimated Market Size] Million USD by 2025, demonstrating a steady Compound Annual Growth Rate (CAGR) of 1.39% during the study period of 2019-2033. This growth, though moderate, indicates resilience and consistent demand within Africa's largest oil producer. The sector is underpinned by significant exploration and production activities within the Upstream segment, crucial for sustaining national revenue and energy security. Investment in Midstream infrastructure, including pipelines and processing facilities, is vital for efficiently transporting crude oil and natural gas to domestic and international markets. Furthermore, the Downstream sector, encompassing refining and petrochemicals, presents considerable opportunities for value addition and economic diversification, though it faces challenges related to aging infrastructure and modernization needs. Key players like Shell PLC, ExxonMobil Corporation, Chevron Corporation, and the Nigerian National Petroleum Corporation (NNPC) are actively shaping the market landscape through their ongoing operations and strategic investments. TotalEnergies SE also plays a significant role, contributing to the dynamic nature of this vital industry. The market's trajectory is influenced by a confluence of drivers, including Nigeria's substantial proven oil and gas reserves, which continue to attract foreign direct investment. The increasing domestic demand for refined petroleum products and petrochemicals further bolsters the Downstream segment. Emerging trends such as the adoption of digital technologies for enhanced operational efficiency in exploration and production, alongside a growing focus on natural gas as a cleaner energy source, are shaping the future of the Nigerian oil and gas industry. However, challenges such as security concerns, regulatory uncertainties, and the need for significant infrastructure upgrades in both Midstream and Downstream operations act as considerable restraints. Despite these hurdles, the market's inherent resource wealth and strategic importance to the Nigerian economy ensure its continued relevance and a sustained, albeit measured, growth trajectory in the coming years. This report provides an in-depth analysis of the Nigeria oil and gas market, covering its current landscape, historical trends, future outlook, and key players. It delves into the intricate dynamics of upstream, midstream, and downstream operations, examining the impact of regulatory frameworks, technological advancements, and market concentration. With an estimated market size of $50,000 million in 2023, the Nigerian oil and gas sector remains a cornerstone of the nation's economy. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Growing Investments in Natural Gas Infrastructure. Potential restraints include: 4., Vandalization and Threats By Militants On Oil And Gas Infrastructures. Notable trends are: The Upstream Segment Expected to Witness Significant Growth.

Nigeria GDP: Basic Prices: Industry: MQ: Crude Petroleum & Natural Gas data was reported at 10,355,946.136 NGN mn in 2017. This records an increase from the previous number of 5,367,322.682 NGN mn for 2016. Nigeria GDP: Basic Prices: Industry: MQ: Crude Petroleum & Natural Gas data is updated yearly, averaging 670,737.334 NGN mn from Dec 1981 (Median) to 2017, with 37 observations. The data reached an all-time high of 11,315,033.279 NGN mn in 2012 and a record low of 4,280.034 NGN mn in 1983. Nigeria GDP: Basic Prices: Industry: MQ: Crude Petroleum & Natural Gas data remains active status in CEIC and is reported by National Bureau of Statistics of the Federal Republic of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.A007: GDP: by Industry: Current Price: Annual.

Nigeria Total Energy Consumption: Natural Gas data was reported at 0.735 BTU qn in 2023. This records an increase from the previous number of 0.660 BTU qn for 2022. Nigeria Total Energy Consumption: Natural Gas data is updated yearly, averaging 0.230 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 0.735 BTU qn in 2023 and a record low of 0.040 BTU qn in 1980. Nigeria Total Energy Consumption: Natural Gas data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Nigeria – Table NG.EIA.IES: Energy Production and Consumption: Annual.

Nigeria NG: Electricity Production From Natural Gas Sources: % of Total data was reported at 82.409 % in 2014. This records an increase from the previous number of 81.560 % for 2013. Nigeria NG: Electricity Production From Natural Gas Sources: % of Total data is updated yearly, averaging 53.196 % from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 82.409 % in 2014 and a record low of 5.935 % in 1971. Nigeria NG: Electricity Production From Natural Gas Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Gas refers to natural gas but excludes natural gas liquids.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

The marketed production of natural gas in Nigeria stood at around **** billion standard cubic meters in 2023. Within the period under review, the production mainly decreased, peaking in 2020 at approximately **** billion standard cubic meters.

Nigeria Upstream Oil and Gas Market size was valued at USD 20.76 Billion in 2024 and is projected to reach USD 27.98 Billion by 2032, growing at a CAGR of 3.8% from 2026 to 2032

Key Market Drivers

Growing Oil Reserves and Production Potential: Nigeria is Africa's largest oil producer, with known oil reserves predicted to be 37 billion barrels by 2020 and a daily production capacity of 2.5 million barrels. Despite production issues, the country's significant reserves continue to draw international investment due to its strategic position in the global oil market and potential for expanded output. Growing reserves and production capacity stimulate investment by providing potential for long-term supply, energy security, and technological advancements in oil extraction.

Government Reforms and Regulatory Framework: The Petroleum Industry Act (PIA), enacted in 2021, has improved Nigeria's investment climate by establishing more attractive fiscal terms and clearer regulatory frameworks.

The Nigeria Oil and Gas Upstream Market Report is Segmented by Location of Deployment (Onshore and Offshore), Resource Type (Crude Oil and Natural Gas), Well Type (Conventional and Unconventional), and Service (Exploration, Development and Production, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Discover the booming African natural gas market! This comprehensive analysis reveals a CAGR exceeding 4.5%, driven by soaring energy demand and key players like TotalEnergies and Shell. Explore market size, trends, and regional insights for Nigeria, Algeria, Egypt, and South Africa in our detailed report covering 2019-2033. Recent developments include: In September 2022, The Nigerian National Petroleum Company Limited (NNPCL) announced its intention to sign a Memorandum of Understanding (MoU) on developing a gas pipeline with Morocco's National Office of Hydrocarbons and Mines and the commission of the Economic Community of West African States (ECOWAS). As a result of the MoU, the 7,000-kilometre Nigeria-Morocco gas pipeline project is expected to ramp up gas supply to Europe. Upon the project completion, 3 billion standard cubic feet of gas is expected to be supplied along the coast of West Africa from Nigeria, Benin, Togo, Ghana, Cote d'Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal, Mauritania to Morocco., In May 2022, Sonatrach and Eni signed a Memorandum of Understanding (MoU) in Rome to accelerate the development of gas fields in Algeria. In a more specific way, the Memorandum of Understanding is going to help Sonatrach and Eni assess the gas potential and opportunities for accelerated development at specific Algerian fields already discovered by SONATRACH. According to the agreement, Algeria is expected to export approximately 3 billion cubic meters of gas annually through the Transmed pipeline through the areas covered by the agreement.. Notable trends are: Governments Moving Towards the Cleaner Energy Sources is Driving the Market.