Nigeria ready to launch?
Nigeria has massive, but long under-used gas reserves. Now, it may be about to find a local market
Over the past 18 months, interest in Nigeria’s domestic gas sector from both foreign and local investors has started to pick up, triggering pledges of more than $5bn of funding for four major projects. These ambitions still need to be turned into reality, but they could mark a significant upturn to the sector’s fortunes. The largest of these is a $3bn investment planned by the Dangote Group and indigenous oil producer, First Exploration & Production Development Company (First E&P) to connect the Offshore Gas Gathering System (OGGS), which belongs to Shell, to the western shore of Lagos where it will connect with a $12bn refinery and petrochemicals complex being built by businessman A
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