The Group Chief Executive Officer, the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Ojulari, has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing the project as a landmark development that affirms the viability of Nigeria’s upstream gas sector.
Mr. Ojulari said in a statement issued on Friday by Andy Odeh, Chief Corporate Communications Officer, NNPC Limited, that the project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, would produce about 300 million standard cubic feet of gas per day at peak.
It added that the output would supply critical feed gas to the Nigeria Liquefied Natural Gas Limited (NLNG) in support of its Train Seven expansion, which will increase capacity at the Bonny Island plant from 22 million tonnes per annum to 30 Mtpa.
The statement explained that the FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs.
Ojulari described Ima as the fourth major gas project to reach FID under President Bola Tinubu, after Iseni, Ubeta and HI, adding that it is a decisive vote of confidence in Nigeria’s gas sector, following the bold reforms that have created competitive terms and a predictable investment environment.
He also commended the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying that the model of indigenous operator, international partner and domestic capital is a template for future developments.
He reaffirmed the commitment to work with the government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.
GIK/APA