Nigeria's gross gas production has climbed to 7.63 billion standard cubic feet per day, up from approximately 6.83 billion in 2023, according to figures released by the Presidency.

The data, cited by The Punch, highlights a sustained upward trajectory in the West African nation's energy sector over the past two years.

The increase underscores efforts to boost domestic supply and reduce flaring, a long-standing challenge for the industry.

Higher production volumes provide a larger base for both local power generation and potential export expansion, contingent on infrastructure availability.

While the output growth is notable, the immediate impact on global natural gas markets remains limited by Nigeria's existing liquefaction capacity and export logistics.

Traders will monitor whether this production gain translates into increased LNG shipments or primarily serves domestic demand.