NNPC partners with Total and Greenville
Nigerian National Petroleum Corporation (NNPC) and Total Exploration and Production Nigeria Limited (TEPNG) have partnered with the Gas Aggregation Company of Nigeria (GACN) and Greenville Oil and Gas for the construction of a $500 million mini Liquefied Natural Gas (LNG) plant in Nigeria.
The mini LNG project to be built by Greenville in phases when completed will be the first domestic LNG plant in Nigeria, taking up to 74 metric million standard cubic feet per day of gas.
The Plant is expected to be built from Oil Mining License (OML) 58 in Obite Rivers State to Grenville’s plant in Rumuji also in Rivers State will be for the liquefaction and distribution to end users across Nigeria.
The gas supply agreement was signed before the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, in Abuja.
Dr Kachikwu said that the development of the mini LNG project is in line with President Muhammadu Buhari’s mandate to him to shift Nigeria’s focus from oil to gas.
Also in attendance at the signing ceremony are Managing Director of NNPC, Maikanti Baru, represented by Sam Ndukwe, a senior official of the corporation; the Managing Director of TEPNG, Mr. Nicolas Terraz ; and Chairman Greenville, Eddy Van Den Broeke.
Speaking on the project however, Chairman of Greenville Eddy Van Den Broeke said the mini plant will be developed in phases, with the first phase costing $500 million of equity investment.
In his remarks the Managing Director of GACN, Mr. Morgan Okwoche said that the mini LNG will give a major boost to embedded power generation in Nigeria.
On his part, the Managing Director/Chief Executive of TOTAL, Nicolas Terraz, said the signing was “a demonstration of Total support to Nigerian government’s objectives to develop local industrial capacities.
With the signing agreement stakeholders are of the view that LNG fuelling stations will spring up along Nigerian highways and moribund industries will be revived,” he said.