Golar LNG in discussion for four floating LNG projects in Nigeria

This article first appeared on the Hawilti+ terminal on 12 August 2023.

Golar LNG has signed a Heads of Terms with Nigeria’s state-owned NNPC Ltd in August 2023 and is currently discussing and developing four floating LNG and gas projects in the country, the company said.

It targets to use its 2.4 mtpa Hilli FLNG unit, currently contracted offshore Cameroon until 2026, or its 3.5 mtpa MKII FLNG unit for deployment offshore Nigeria for a minimum of ten years. The MKII wil rely on an LNG carrier recently acquired and set for conversion.

Golar LNG signed a Heads of Terms with NNPC Ltd on 1 August 2023.

Nigeria has been increasing its outreach to global stakeholders and investors across the gas value-chain as it seeks to monetise its 206 Tcf of gas for the domestic and export market. Several gas export projects are currently planned, including pipeline and LNG export infrastructure. The most advanced of them is the UTM Offshore floating LNG unit, in which NNPC has taken a 20% stake and currently progressing toward a final investment decision (FID).

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