In April 2005, Chevron Nigeria Ltd. signed a memorandum of understanding with NNPC, BG, and Shell Gas & Power to jointly conduct and evaluate a feasibility study of the potential Olokola LNG project.

The Olokola LNG and related pipeline projects will cost an estimated $9.8 billion, with Nigeria investing part of its oil windfall savings to take up its 49.5% stake.

The Olokola LNG complex will have four LNG trains capable of producing 5.5 million tonnes of LNG per annum each. It will also produce natural gas liquids as a by-product.

The project is the outcome of two separate studies conducted by Chevron and BG, and Shell, which proposed to NNPC the development of their respective greenfield LNG projects in the Olokola area ...

The Olokola LNG and related pipeline projects will cost an estimated $9.8 billion, with Nigeria investing part of its oil windfall savings to take up its 49.5 percent stake.

Brass, Olokola LNG Projects Estimated to cost $20 billion and $9.8 billion respectively, the Brass LNG and Olokola LNG were initiated in 2003 and 2005 respectively under the administration of ...

The Brass LNG and Olokola LNG are two LNG projects with the potential of manifold economic benefits for the country which include job creation, power generation, revenue generation and economic ...

In 2023, NNPC began talks to revive the OK LNG project, a proposed LNG terminal in Cross River State, Nigeria. The project was deemed mothballed after years without activity.

The Nigerian National Petroleum Company Limited has stated that it has begun discussions with investors to revive the Brass and Olokola Liquefied Natural Gas projects. NNPC Ltd.’s Chief ...

Nigerian National Petroleum Company Limited (NNPC) has opened talks with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. When revived the ...

Odiefum said: “Brass LNG gulped $3 billion and Olokola $2 billion. This is aside that foreign exchange has changed significantly in the last 15 years, when the projects were awarded to contractors.

The three Liquefied Natural Gas (LNG) projects – Brass, Olokola and NLNG train 7 – which are yet to begin operation, have combined capacity to generate $15 billion yearly for Nigeria and ...