Nigeria: Multi-Billion Dollar Gas Projects Linger On

20 March 2017

It is now 12 years since former President Olusegun Obasanjo conceived the Brass Liquefied Natural Gas (Brass LNG) project, designed to produce 10 million metric tonnes of Liquefied Natural Gas (LNG) per annum. It was to be built by the Nigerian National Petroleum Corporation (NNPC), Total, ConocoPhillips and Eni Group, and delivered in 2009 but that didn't happen.

In April 2007, Obasanjo also held the ground breaking ceremony for the multi-billion dollar Olokola Liquefied Natural Gas (OKLNG), to produce 20 million tonnes of LNG and earn over $10 billion for the country. The company was to be a joint venture between the NNPC, Chevron, British Gas and Shell. It was expected to come on stream in 2012 but never did.

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