By Saminu Ibrahim
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a major milestone that underscores the growing viability of Nigeria’s upstream gas sector.
The project, located offshore in Oil Mining Leases (OMLs) 112 and 117, is being developed by AMNI International in partnership with TotalEnergies and is expected to produce about 300 million standard cubic feet of gas per day at peak.
According to NNPC Ltd., the gas will provide critical feedgas to Nigeria LNG Limited (NLNG) to support the Train 7 expansion project, which is expected to increase production capacity at the Bonny Island plant from 22 million tonnes per annum (Mtpa) to 30 Mtpa.
The company said the FID was facilitated by the Presidential Directives issued in 2024, which introduced fiscal incentives for non-associated gas, streamlined contracting processes and reduced development costs.
Ima is the fourth major gas project to reach FID under the administration of President Bola Ahmed Tinubu, following Iseni, Ubeta and HI gas projects.
Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, described the investment decision as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a more predictable investment environment.
NNPC Ltd. also commended the collaboration between AMNI International, TotalEnergies and the Nigerian financial sector, describing the partnership involving an indigenous operator, international partner and domestic capital as a model for future gas developments.
The national oil company reaffirmed its commitment to working with the Federal Government, regulators and industry stakeholders to sustain investment in the sector and harness Nigeria’s gas resources for industrialization, job creation and long-term economic prosperity.
