Ogun, NNPC Partner to Revive OKLNG as $7bn Port, Marine Economy Project Takes Shape
The project could supply gas to industries and communities across Ogun and the South-West, while the broader corridor is expected to draw more than $7 billion.
- On Wednesday, Governor Dapo Abiodun hosted Nigerian National Petroleum Company Limited officials in Abeokuta to discuss reviving the long-delayed Olokola Liquefied Natural Gas project in Ogun Waterside.
- The initiative follows last week's signing of Memoranda of Understanding with DP World for the $7 billion Gateway Deep Sea Port and 10,000-hectare Ogun State Blue Marine Special Economic Zone.
- NNPC Executive Vice President Lekan Ogunleye stated the project requires approximately 1,728 hectares and about 2.5 kilometres of Atlantic frontage for LNG infrastructure and jetties.
- Abiodun committed the state to providing land and guarantees for the facility, which aims to supply gas to industries within the Economic Zone and communities across the wider South-West.
- These combined projects aim to create an integrated ecosystem linking energy supply with maritime access, connecting the corridor to the Lagos-Calabar Coastal Highway and wider African markets.
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Nigeria: Ogun, NNPC Partner to Revive Oklng Ahead of $7bn Port, Marine Economy Project Take Off
According to Abiodun, discussions with NNPC focused on land acquisition, incentives and other requirements necessary to facilitate the take-off of the project, with the state government committing to provide the necessary cooperation and guarantees.
Ogun, NNPC partner to revive OKLNG ahead of $7bn port, marine economy project take off
According to Abiodun, discussions with NNPC focused on land acquisition, incentives and other requirements necessary to facilitate the take-off of the project, with the state government committing to provide the necessary cooperation and guarantees.
Daily Post Nigeria
The Podium MediaOgun, NNPC partner to revive OKLNG as $7bn port, marine economy project takes shape
Ogun State and the Nigerian National Petroleum Company Limited (NNPC) have opened discussions on the revival of the long-delayed Olokola Liquefied Natural Gas (OKLNG) project in Ogun Waterside, adding a major energy component to the emerging $7 billion maritime and industrial development taking shape along the state’s coastline. The development comes barely a week after […] Ogun, NNPC partner to revive OKLNG as $7bn port, marine economy project …
Olokola LNG Project Set For Development As NNPCL Takes Major Action
Yemisi Izuora Hope of more gas deliveries is in the offing as the Ogun State and the Nigerian National Petroleum Company Limited (NNPC) commences action plan to revive the Olokola Liquefied Natural Gas (OKLNG) project in Ogun Waterside. This will add a major energy component to the emerging $7 billion maritime and industrial development [...]
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