SNG: $800mlnIma Gas project, a landmark for Nigeria’s gas sector

By Zawya2 hours ago Updated

By Staff Writer

The Nigerian National Petroleum Company Limited (NNPC Ltd) has described $800m Ima Gas project Final Investment Decision (FID) as a landmark development that affirmed the growing viability of Nigeria’s upstream gas sector.

The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak.

The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum to 30 Mtpa.

A statement signed by NNPCL’s Chief Corporate Communications Officer (CCCO), Andy Odeh, said the FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs while adding that Ima is the fourth major gas project to reach FID under President Bola Ahmed Tinubu, after Iseni, Ubeta and HI.

NNPCL’s Group Chief Executive Officer, Engineer Bayo Ojulari, described it as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.

The national oil company also commended the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying the model of indigenous operator, international partner and domestic capital is a template for future developments.

NNPCL, however, reaffirmed its commitment to work with government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.