By Ayomide Otitoju
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 significant development for 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 feedstock for Nigeria LNG Limited’s Train 7 expansion, which is expected to increase the Bonny Island plant’s capacity from 22 million tonnes per annum to 30 million tonnes per annum.
The company said the FID was supported 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 President Bola Tinubu, following the Iseni, Ubeta and HI projects.
NNPC Ltd. Group Chief Executive Officer, Bashir Bayo Ojulari, described the FID as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” aimed at creating competitive terms and a predictable investment environment.
The national oil company also commended the collaboration among AMNI International, TotalEnergies and Nigerian financial institutions, describing the partnership between an indigenous operator, international partner and domestic capital providers as a model for future projects.
NNPC Ltd. reaffirmed its commitment to working with the Federal Government, regulators and industry stakeholders to sustain investment in the sector and deploy Nigeria’s gas resources for industrialisation, job creation and economic growth.
