We’ve hit $3.5bn gas investment deal – FG

• To deepen deal in CNG availability

The Federal Government has disclosed that four major gas projects with a combined investment value of about $3.5 billion are at various stages of development.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this yesterday in Abuja while briefing energy correspondents.

He listed the projects as the Iseni Project, valued at about $122 million; Ubeta Project, $566 million; HI Project, $2 billion; and Ima Project, $800 million.

Ekpo said the $3.5 billion Brass Methanol project had also advanced towards execution following the resolution of its Gas Sales and Purchase Agreement (GSPA).

He said the developments were not merely project milestones but evidence that responsible investment could create enduring domestic value, strengthen productive capacity and generate employment.

According to him, Nigeria’s gas resources are moving from potential to prosperity, while the administration remains committed to turning approvals and the country’s gas wealth into reliable energy, stronger industries, more jobs and sustainable prosperity.

“Our duty is clear: to raise production, build faster, mobilise greater investment, expand clean-energy access and ensure that Nigeria’s gas wealth delivers enduring prosperity for every Nigerian,” he said.

The minister also disclosed that 42 firms had been awarded contracts to convert flare gas currently being wasted into energy, feedstock, liquefied petroleum gas (LPG), compressed natural gas (CNG) and power.

He said the government would sustain the regulatory and commercial measures required to end routine gas flaring by 2030.

“We are also expanding processing, gathering and distribution gas infrastructure so that market development does not wait for every conventional pipeline. Our objective remains unequivocal: no stranded gas and no stranded demand,” he said.

Ekpo added that the government would prioritise increased gas production, accelerated development of pipeline and processing infrastructure, improved gas supply to the power sector, increased CNG and LPG access and the elimination of routine gas flaring.

He also stressed the need to ensure that host communities received tangible benefits from gas-producing activities.

“We have made substantial progress, but progress is not the destination; it is the foundation for the work ahead. The true measure of policy is sustained delivery,” he said.

On CNG availability, the minister said the government was collaborating with the private sector to ensure adequate supply, while putting the necessary regulatory framework in place to support availability and accessibility.

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