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Nigeria LNG Expansion Project launched

Source: www.gulfoilandgas.com 12/27/2019, Location: Africa

Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant. This brownfield development, which is expected to start-up in 2024, will increase the annual production capacity to more than 30 million tonnes per year (Mtpa) from the current 22.5 Mtpa.

The expansion project will enable to produce an additional 7.6 Mtpa of LNG, of which 4.2 coming from one new liquefaction train (Train 7), and 3.4 coming from the debottlenecking of existing trains. NLNG is a world class 6-train LNG facility, in operation since 1999. In 20 years, the plant has delivered over 4,700 LNG cargoes around the world. With this expansion, it will become one the world’s most important LNG gas hub, and it will allow partners to further leverage Nigeria’s abundant associated gas resources.

Eni is a founding partner of NLNG and holds a 10.4% share. Other partners are NNPC (49%), Shell (25.6%), and Total (15%). This project will also add more than 1 Mtpa of capacity to Eni’s global LNG portfolio.

For more information about related Opportunities and Key Players visit West Africa Projects

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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