The $800 million Final Investment Decision (FID) on the Ima Gas Project is a vote of confidence in Nigeria’s gas sector, the Nigerian National Petroleum Company Limited (NNPC Ltd) has said.
The company described the FID as a landmark development that affirms the growing viability of Nigeria’s upstream gas industry and the impact of ongoing reforms.
Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, said the decision was “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.
In a statement by the company’s image maker, Andy Odeh, the company also commended the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying the model of indigenous operator, international partner and domestic capital is a template for future developments.
Ojulari also reaffirmed the company’s commitment to work with government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.
The project, located offshore in Oil Mining Leases (OMLs) 112 and 117, is being developed by AMNI International in partnership with TotalEnergies. At peak, it will produce about 300 million standard cubic feet of gas per day (mmscf/d).
The output will supply critical feedgas to Nigeria LNG Limited (NLNG) in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum (Mtpa) to 30 Mtpa.
According to NNPC Ltd, the FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs.
Ima is the fourth major gas project to reach FID under President Bola Ahmed Tinubu’s administration, after Iseni, Ubeta and HI projects.