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HomeTop NewsNNPC signs MoU with Norway's firm Golar to build floating LNG plant 

NNPC signs MoU with Norway’s firm Golar to build floating LNG plant 

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Nigeria’s state oil firm Nigerian National Petroleum Company Limited (NNPC) signed a memorandum of understanding with Golar LNG of Norway to build a floating liquefied natural gas plant in the country, the company said late on Wednesday.

Africa’s biggest oil producer, Nigeria, holds some of the world’s biggest gas reserves and is seeking investment to boost its own domestic supplies and exports.

NNPC said on Twitter late on Wednesday that the memorandum was signed by NNPC chief executive Mele Kyari and Golar CEO Karl Fredrik Staubo in the federal capital Abuja.

The company did not provide further details and did not respond to requests for comment.

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“In furtherance of its efforts to deepen Nigeria’s domestic gas utilization and enhance gas export, the NNPC has signed a Memorandum of Understanding (MoU) with a Norwegian company, Golar LNG (GLNG),to build a Floating Liquified Natural Gas (LNG) plant in Nigeria.

“The Group Chief Executive Officer of the NNPC, Mele Kyari and CEO of Golar LNG, Karl Fredrik Staubo, signed the agreement on behalf of their respective companies during a brief ceremony held at the NNPC tower in Abuja, earlier today (Wednesday).

“Golar LNG is one of the world’s largest independent owners and operators of marine-based LNG midstream infrastructure that is active in the liquefaction, transportation and regasification of natural gas,” the NNPC stated on its Twitter handle.

Golar has in the past indicated plans to set up a power project in Nigeria that could use one of its vessels to import liquefied natural gas.

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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