NIPCO Unveils $3bn Floating LNG Project for Nigeria

NIPCO Group has announced plans to develop a Floating Liquefied Natural Gas project in Nigeria, which is estimated to require more than $3 billion in investment.

The proposed FLNG project will have an LNG production capacity of approximately three million tonnes per annum, according to Nagendra Verma, Managing Director of NIPCO Gas.

Nagendra Verma stated that the final location for the project will be determined after ongoing feasibility studies are completed. The company is considering locations in the Escravos area of Delta State and the Akwa Ibom region.