Analysts have described funding as the major challenge mitigating against Nigeria’s realisation of its gas potential, amidst the transformation the oil and gas sector is experiencing, driven by the government’s efforts to attract foreign investment and leverage the country’s vast gas reserves to drive economic growth.
A major milestone in this journey is the recent Gas Sales and Purchase Agreement signed with Shell, TotalEnergies, and Eni, securing 270 million standard cubic feet per day to power the proposed $3.5 billion Brass Fertiliser and Petrochemical Plant in Bayelsa State.
At the recent NOG Energy Week 2024, a panel session titled; “Accelerating Investment, Enabling Industry Growth, Meeting Energy Demand,” laid out a pragmatic roadmap for the country’s energy future, exposing Nigeria’s evolving strategy to unlock capital, de-risk investments, and scale infrastructure across gas and deepwater oil to public scrutiny.
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