Africa’s biggest oil producer holds some of the world’s largest gas reserves and is seeking investment to boost its domestic supplies and exports.
Nigeria’s state oil company has signed a memorandum of understanding (MoU) with Norway’s Golar LNG to build a floating liquefied natural gas (LNG) plant in the country, the company said late Wednesday.
Africa’s biggest oil producer, Nigeria, has some of the world’s largest gas reserves and is seeking investment to boost its domestic supplies and exports.
Nigerian National Petroleum Corporation Limited (NNPC) said on Twitter that the MoU was signed by NNPC CEO Mele Kyari and Golar CEO Karl Fredrik Staubo in the federal capital Abuja.
In support of your efforts to deepen the utilization of Nigerian domestic gas and improve gas export, @nnpclimited has signed a Memorandum of Understanding (MoU) with a Norwegian company, Golar LNG (GLNG), to build a floating liquefied natural gas (LNG) plant in Nigeria. pic.twitter.com/e8r6CLKmr0
—NNPC Limited (@nnpclimited) April 26, 2023
The company did not provide further details and did not respond to requests for comment.
Golar has in the past indicated plans to set up a power project in Nigeria that could use one of its vessels to import LNG.
nigeria too recently signed a memorandum of understanding with Algeria and the Republic of Niger and the ongoing construction of the Trans-Saharan Gas Pipeline, a 614 km (381.5 mi) long natural gas pipeline beginning in northern Nigeria.
There is no official word on when the pipeline, first proposed in the 1970s, will be completed, but it is scheduled to run through northern Nigeria into Niger and Algeria, eventually connecting to Europe.