Focus: Nigeria’s Landmark Shift to Gas Development

In this episode, we explore Nigeria’s historic pivot toward natural gas with its first-ever gas-only production sharing contract (PSC) under the Petroleum Industry Act (PIA). Signed with TotalEnergies, this landmark deal could redefine Nigeria’s upstream future and reshape the global LNG market.

Here’s what we cover in this episode:

• Defining Contract: How the TotalEnergies PSC signals a fundamental shift in Nigeria’s upstream priorities.
• PIA in Action: Why this contract represents the most tangible outcome of Nigeria’s 2021 petroleum reforms.
• Gas Potential: With 210.5 Tcf of proven reserves, how Nigeria could become a global gas-export powerhouse.
• Infrastructure & Challenges: The critical role of pipelines, LNG capacity, and commercial structures in making the deal viable.
• Regional & Global Implications: How Nigeria’s move positions West Africa as a rising LNG hub and supports global demand for transition fuels.
• Gas as the New Frontier: What this means for upstream professionals navigating fiscal incentives, infrastructure risks, and new growth opportunities.

With global energy markets in flux, Nigeria’s pivot to gas represents both a bold experiment and a defining opportunity. For investors, IOCs, and upstream professionals, the stakes couldn’t be higher.