Nigerian National Petroleum Corporation Limited (NNPCL) has signed a memorandum of understanding (MoU) with Norwegian Golar LNG, an owner and operator of marine LNG infrastructure, to build a floating LNG plant in Nigeria.
The MoU was revealed in NNPC’s social media update which noted that the agreement was signed during a brief ceremony held at the NNPC Towers in Abuja on 26 April.
According to the company, the plan to build the floating LNG plant is a further effort to deepen Nigeria’s domestic gas utilisation and enhance gas export.
Meantime, NNPC’s unit LNG Investment Management Services is working on Nigeria’s first floating LNG project in partnership with a local private crude oil sales company UTM Offshore.
The planned facility, which is said to be the first such project developed by an African company on the continent, will have a liquefaction capacity of 1.2 million tonnes per annum (mtpa) and will use the resources from the Yoho gas field owned by ExxonMobil and the NNPC.
