Brass Island liquefied natural gas power plant

31/3/2017
Project development

$ 12 billion

Announced

31/3/2017


Overview:

  • The Nigerian National Petroleum Corporation is currently developing a liquefied natural gas (LNG) power plant on the Island of Brass, Bayelsa State, in Nigeria’s Central Niger Delta.
  • It is the second LNG project undertaken in Nigeria.
  • The project stalled in 2014 when shareholder ConocoPhilips sold off all its Nigerian assets, since when the shares have been ring-fenced by the government. It is now in the process of trying to revive the project.
  • Nigeria has the eighth largest proven natural gas reserves in the world, but ranks only 29th in production.

Jon Moore - Journalist

Jurisdiction:

Nigeria

Deal type:

Project development

Practice area:

Project development

Governing law:

Nigeria

Industry sectors:

Energy
Oil and gas


Firm:

Party: Brass LNG (Project company)

Lawyer: Stella Duru