President Bola Tinubu has applauded the new Non-Associated Gas (NAG) development project launched by Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, in partnership with Sunlink Energies and Resources Limited.
Upon completion, the initiative is expected to produce around 350 million standard cubic feet of gas per day (mmscf/d) from 2028, representing roughly one-third of the gas required for Nigeria LNG Limited’s Train 7 project.
The announcement was made by Special Adviser on Information and Strategy, Bayo Onanuga, via his official X handle on Tuesday. He noted that the expected gas output pushes total upstream investment commitments through Final Investment Decisions (FIDs) in Nigeria’s oil and gas sector to over $8 billion since Tinubu took office in 2023.
This development makes it the third major oil and gas FID in the last 18 months, following the Ubeta Non-Associated Gas project and the Bonga North deepwater project.
“The three initiatives represent key steps in unlocking Nigeria’s abundant gas resources for both domestic and export use,” Onanuga said.
Since 2024, President Tinubu has issued a series of targeted directives under the reform agenda driven by the Office of the Special Adviser to the President on Energy. These directives introduced fiscal incentives, clearer regulatory frameworks, and streamlined procedures, cutting approval delays and lowering contracting expenses.
Special Adviser to the President on Energy, Olu Arowolo Verheijen, said the progress of these projects underscores the impact of the administration’s reforms.
“With the Ubeta FID and now the HI FID, we have secured the gas supply needed to make NLNG Train 7 not just possible, but transformative,” Verheijen stated. “These projects will significantly strengthen the reliability of Nigeria’s LNG exports to global markets while expanding LPG supply for domestic use—reducing imports, boosting foreign exchange earnings, and advancing clean cooking access for millions of Nigerian households.”
Shell’s Upstream President, Peter Costello, remarked: “Following recent investment decisions related to the Bonga deep-water development, today’s announcement demonstrates our continued commitment to Nigeria’s energy sector, with a focus on Deepwater and Integrated Gas.”
President Tinubu reaffirmed his stance on investor confidence.
“This major FID announcement by Shell, their second in one year, is a clear validation of our wide-ranging reform efforts and a signal to the world that Nigeria is fully open for business and investment,” he said.