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

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in