NNPCL, Norwegian firm sign MoU to build floating LNG in Nigeria

Thu, Apr 27, 2023
By editor
1 MIN READ

Oil & Gas

NIGERIA National Petroleum Company Limited (NNPCL) has signed a memorandum of understanding (MoU) with Golar LNG, a Norwegian company, to install a floating LNG production unit in Nigeria.

NNPC said via its official Twitter handle on Thursday that its Chief Executive Officer, Mr Mele Kyari, signed the MoU with Golar’s chief, Karl Staubo, during a brief ceremony in Abuja.

NNPCL said this will increase the country’s domestic gas utilisation and enhance gas export.

The Nigerian oil firm said the deal was part of its efforts to deepen Nigeria’s domestic gas utilisation and enhance gas export, but it did not provide any additional information regarding the project. (NAN)

A.

Tags:


OPEC daily basket price stood at $73.32 a barrel Thursday

THE price of OPEC basket of 12 crudes stood at $73.32 a barrel on Thursday, November 21, 2024, compared with $73.05 the...

Read More
OPEC Fund first sustainability-linked financing to boost agriculture in Africa

THE OPEC Fund for International Development (the OPEC Fund) has signed a US$40 million loan as part of a US$394...

Read More
More than 300 Youths benefit as NLNG begins Nigerian Content HCD Trainings

THE NLNG, last week, in Port Harcourt, Rivers State, kicked off its Nigerian Content Human Capacity Development (NC-HCD) Basic Training...

Read More