The Global Heroes


27th April 2023 By The Global Heroes Innovation and Business

Nigeria's state oil company said late on Wednesday that it had inked an agreement with Golar LNG of Norway to construct a floating liquefied natural gas (LNG) facility there.

Nigeria, the largest oil producer in Africa, has some of the largest gas reserves in the world and is looking for investment to increase its domestic production and exports.

The MoU was signed in the federal capital of Abuja, according to the Nigerian National Petroleum Corporation Limited (NNPC), on Twitter, by NNPC CEO Mele Kyari and Golar CEO Karl Fredrik Staubo.

Additional information was not provided by the firm, and requests for comment were not answered.

In the past, Golar has expressed intentions to establish a power facility in Nigeria that may utilize one of its boats to import LNG.

As part of the continuing building of the Trans-Saharan Gas Pipeline, a 614km (381.5 miles) long natural gas pipeline starting in northern Nigeria, Nigeria also just inked an MoU with Algeria and the Niger Republic.

The pipeline, which was initially proposed in the 1970s, is expected to pass across northern Nigeria, through Niger and Algeria, and finally link to Europe. However, there is no official word on when it would be finished.

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