Nigeria’s state oil firm has signed a memorandum of understanding (MoU) with Golar LNG of Norway to build a floating liquefied natural gas (LNG) plant in the country, the company said. Africa’s biggest oil producer, Nigeria, holds some of the world’s biggest gas reserves and is seeking investment to boost its domestic supplies and exports.
Nigerian National Petroleum Corporation Limited announced on Twitter that NNPC chief executive Mele Kyari and Golar CEO Karl Fredrik Staubo signed the MoU in Abuja.
The company did not provide further details and did not respond to requests for comment. Golar has in the past indicated plans to set up a power project in Nigeria that could use one of its vessels to import LNG.
Nigeria also recently signed an MoU with Algeria and the Niger Republic and the ongoing construction of the Trans-Saharan Gas Pipeline, a 614km (381.5 miles) long natural gas pipeline beginning in northern Nigeria.
Officials have not confirmed when they will complete the pipeline—first proposed in the 1970s, but plans indicate it will run through northern Nigeria into Niger and Algeria before eventually connecting to Europe.
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