The Nigerian National Petroleum Corporation (NNPC) Limited has signed a deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in the Niger Delta region.
This was disclosed by the NNPC spokesperson, Olufemi Soneye, in a statement.
Golar LNG Limited is a renowned independent owner and operator of LNG infrastructure, including carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels,” Soneye said.
Floating LNG (FLNG) is the process of liquefying natural gas at sea (offshore) rather than on land.
Soneye said the Project Development Agreement (PDA) aims to utilise approximately 400-500mmscf/d and produce LNG, LPG (cooking gas) and Condensate in the country.
He further stated that the agreement aligns with President Bola Tinubu’s commitment to commercialise Nigeria’s gas resources, fostering economic prosperity for the nation.
Soneye said “The agreement aims to monetize vast proven gas reserves from shallow water resources offshore Nigeria.
“The PDA also outlines the monetization plan that will utilize approximately 400-500mmscf/d and produce LNG, LPG and Condensate.”
The NNPC Ltd spokesperson further explained that while the initial project development agreement was sealed by both parties— NNPC and Golar— the final agreement is expected to be concluded before the fourth quarter of this year.
Soneye said after the FID is concluded, the first production of gas will be expected by 2027.
