Thursday, Oct 22nd 2020 2:59 PM
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Market Digest Nigeria

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Eni announces Nigeria LNG expansion project

Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the LNG plant.

This brownfield development, which is expected to start-up in 2024, will increase the annual production capacity to more than 30 million tpy from the current 22.5 million tpy.

The expansion project will enable the plant to produce an additional 7.6 million tpy of LNG, of which 4.2 million t comes from one new liquefaction train (Train 7), and 3.4 million t from the debottlenecking of existing trains. NLNG is a world class 6-train LNG facility, in operation since 1999. In its 20 years, the plant has delivered over 4700 LNG cargoes around the world. With this expansion, it will become an important LNG hub, and allow partners to further leverage Nigeria’s abundant associated gas resources.

Eni is a founding partner of NLNG and holds a 10.4% share. Other partners are NNPC (49%), Shell (25.6%), and Total (15%). This project will also add more than 1 million tpy of capacity to Eni’s global LNG portfolio.

Eni has been present in Nigeria since 1962, with operated and non-operated exploration, development and production activities in the onshore and offshore areas of the Niger Delta. In 2018, Eni’s equity hydrocarbon production amounted to 100 000 boe/d.

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