Nigeria Unleashed: CNG and the Business of Clean Energy
Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG)
Nigeria has recently seen a flurry of success in its natural gas industry, with CNG promotion and cross-regional pipeline construction progressing simultaneously, putting its energy transition on the fast track.
On the domestic application side, the Presidential CNG Initiative (P-CNGI) has achieved remarkable results, with 190 conversion centers and 56 retail outlets currently established,
with plans to expand this to 500 by the end of the year. At 230 naira per standard cubic meter, CNG is only one-fifth the price of gasoline, and drivers can expect monthly profits to increase by up to 400%.
The government has also launched subsidy and credit programs with the goal of converting one million vehicles by 2027. In July, the military pioneered a CNG fleet of 84 vehicles, setting a benchmark for clean energy transition.
In terms of infrastructure, the NNPC commissioned a 113-kilometer section of the OB3 pipeline, with a daily gas transmission capacity of 300 million standard cubic feet,
and is accelerating construction of the AKK pipeline to revitalize northern industry. At the transnational level,
construction has begun on the first section of the $25 billion Nigeria-Morocco natural gas pipeline, which will benefit 500 million people in 13 countries and transmit up to 30 billion cubic meters of gas annually.
