Olokola Liquefied Natural Gas Project (OKLNG)
Chevron, Shell’s Withdrawal from OKLNG Will not derail Nigeria’s Gas Agenda
In a statement by the acting Group General Manager, Group Public Affairs Division of the NNPC, Tumini Green, the corporation stated that the gas revolution agenda was not only intact but had since taken off with a significant progress in gas supply for power generation and industrial usage.
“In a changing global gas market, OKLNG inevitably has suffered a setback as a result of the exit but effort will be intensified to secure other willing investors. NNPC and the federal government remain committed to this project,’’ she stated
“The gas revolution agenda which is an integral part of the gas master plan cannot be derailed just like that. NNPC can confirm that the exit of Shell and Chevron will not impact on Mr. President’s gas revolution agenda. In fact, very good progress is being made with domestic gas supply which has reached the highest level of 1500mmcf/d from about 500mmcf/d about three years ago,’’
Green explained that the gas based industrialisation agenda of the Presidency planned for Ogidigben in Delta State had teed-off with site data gathering activities, noting that major new heavy gas based industries such as fertilizer, petrochemicals, among others would come on board to create the much needed jobs.
“All these are very much under way and unaffected by the recent exit of Shell and Chevron from OKLNG. Similarly the Brass LNG project is unaffected by this exit as shareholders of the Brass LNG are different,’’