Nigeria has secured a significant investment in its oil and gas sector as Shell Nigeria Exploration and Production Company Limited (SNEPCo) and Sunlink Energies and Resources Limited announced a new non‑associated gas (NAG) development project. The venture is expected to deliver roughly 350 million standard cubic feet of gas per day from 2028, a milestone welcomed by President Bola Tinubu.
This investment marks the third major oil and gas final investment decision (FID) in Nigeria within the past 18 months, following the Ubeta NAG project and the Bonga North deepwater project. Cumulative upstream investment commitments in the country’s oil and gas sector have now exceeded $8 billion since President Tinubu took office in 2023.
According to Special Adviser on Information and Strategy Bayo Onanuga, the new project will be crucial for unlocking Nigeria’s abundant gas resources for both domestic consumption and export. The government has introduced fiscal incentives, regulatory clarity and streamlined operating processes to attract such investments. Special Adviser to the President on Energy Olu Arowolo Verheijen noted that these projects demonstrate the effectiveness of the administration’s policies, adding that the Ubeta FID and the new project secure the gas supply needed for NLNG Train 7—a transformative initiative that will bolster the reliability of Nigeria’s LNG exports and expand LPG availability for domestic use.
Shell’s Upstream President Peter Costello highlighted the company’s continued commitment to Nigeria’s energy sector, emphasizing a focus on deepwater and integrated gas projects. President Tinubu reaffirmed his support for investors, stating that Shell’s major FID validates the government’s reform efforts and signals that Nigeria is open for business and investment.
The investment is expected to reduce imports, boost foreign‑exchange earnings and advance clean‑cooking access for millions of Nigerian households. With this new project, Nigeria is poised to strengthen its position in the global energy market and attract further investment in the oil and gas sector.
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