Nigeria announces US$12bn LNG expansion
12 July, 2018
Nigeria is taking steps to expand its liquefied natural gas (LNG) capacity by a third in a new US$12bn (£9bn) programme.
Its latest plan involves boosting production from 22m tons to 30m tonnes by 2024 by developing a seventh LNG facility in Nigeria.
Nigeria LNG, a joint venture involving the state-owned oil company and three oil majors, signed engineering and design contracts with contractors including Saipem, TechnipFMC and Chiyoda Corp.
A final investment decision on the facility is expected later this year.