The forecasted gas production in Nigeria shows an increase from 42.4 billion cubic meters in 2024 to 45.01 billion cubic meters in 2028. In 2023, the actual production stood at 41.76 billion cubic meters.
Year-on-year variations are as follows:
• 2024: +1.54%
• 2025: +1.53%
• 2026: +1.53%
• 2027: +1.49%
• 2028: +1.46%
The average annual growth rate over the five-year forecast period (CAGR) is 1.51%.
Future trends to watch for include advancements in extraction technology, government policies impacting the energy sector, and global shifts towards renewable energy sources. These factors could influence production levels and the overall trend in Nigeria's gas production industry.