NNPCL and TotalEnergies are actively working together to invest $550 million in the development of a gas processing facility in Rivers State. The primary goal of this investment is to enhance both exports and domestic supplies.
Reports indicate that the investment will encompass the construction of a gas processing plant and a pipeline. NNPCL mentioned that an unnamed source stated an official announcement regarding this development is expected this week.
Total and NNPC are set to construct the gas processing facility on the Ubeta onshore gas field.. It will supply gas to the Nigeria Liquefied Natural Gas (NLNG) plant. Once operational, the plant is projected to produce 350 million standard cubic feet per day of gas and 10,000 barrels per day of associated liquids.
Nigeria, possessing Africa’s largest natural gas reserves exceeding 200 trillion cubic feet, currently flares gas from its oil fields due to the lack of processing infrastructure and financial limitations.
NNPCL And TotalEnergies Seal $500Mn Gas Project Deal
Analysts believe that this latest investment signifies a positive step in President Bola Tinubu’s efforts to attract investments into Nigeria’s energy sector. Clementine Wallop, director of sub-Saharan Africa at political risk consultancy Horizon Engage, emphasized the government’s aspirations for improved ease of doing business and increased confidence in Nigeria’s resource potential.
Despite challenges in boosting exports to the European Union and meeting local energy demands, Nigeria’s energy sector is gradually evolving. In a related development, Seplat Energy recently concluded a training programme for journalists and media practitioners in Nigeria, focusing on energy and judicial reporting. The initiative aimed at enhancing reporting capabilities, fostering innovation, and technological advancements in journalism.
The training, conducted in collaboration with Channels Academy, covered various topics such as regulatory frameworks, legal cases, investigative journalism, data reporting, and the future trends in the energy and law sectors. Media professionals from different platforms participated in the program, commending Seplat Energy for its commitment to capacity building and excellence in the media industry.
In response, media groups including the Association of Energy Correspondents of Nigeria (NAEC) and the National Association of Judicial Correspondents (NAJUC) expressed appreciation to Seplat Energy for the training opportunity and emphasized the importance of such initiatives in advancing the media landscape in Nigeria. They encouraged other corporate entities to follow suit in supporting the growth and enhancement of media capabilities in the country.
Sources : Orientalnews, NNPCgroup,
