By Ndubuisi Micheal Obineme
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Company Limited, TotalEnergies EP Nigeria Limited, and Nigerian Agip Oil Company have been lauded for taking the final investment decision (FID) on gas supply to Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State.
In a statement made known to The Energy Republic, the oil and gas giants were commended by the Minister of State for Petroleum Resources (Gas), Ekperikpo Ekpo, for their bold step in taking the FID on the gas project.
The gas project involves the construction of a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to the Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State, for 10 years.
Ekpo said the project is in line with President Bola Ahmed Tinubu’s commitment to continuing investment in Nigeria.
According to the minister, “100mmscfd is the equivalent of 400 MW of energy, which will be delivered into the domestic market when construction is completed.
“Agreements have been signed with Dangote Fertilizer and Petrochemical plant to kick start the gas project. It is a critical gas supply project being tracked by the Minister of Petroleum Resources (Gas) as part of Nigeria’s Decade of Gas Initiatives.”
Following the FID, Ekpo expects local content-compliant contracts will be awarded to create job opportunities in Nigeria.