The Nigerian National Petroleum Company Limited (NNPC Ltd) has commended the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector.
The offshore project in OMLs 112 and 117, developed by AMNI International alongside TotalEnergies, aims to produce approximately 300 million standard cubic feet of gas daily at its peak performance. This production will provide essential feedgas to Nigeria LNG Limited, facilitating the Train 7 expansion that will boost the Bonny Island plant’s capacity from 22 million tons annually to 30 Mtpa.
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, after Iseni, Ubeta and HI.
Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari described it as “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.
NNPC Ltd. also commends 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.
NNPC Ltd. reiterates its dedication to collaborating with the government, regulators, and industry partners to maintain investment momentum and utilize Nigeria’s gas resources for industrialization, job creation, and long-term prosperity.
