Ogun State and NNPC Revive $10bn LNG Project Talks
The Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC) are renewing discussions on the Olokola Liquefied Natural Gas (OGLNG) project, which has been stagnant for over 30 years. This initiative is part of a broader strategy to develop Ogun's coastline into an energy, maritime, and industrial hub.
The discussions follow a recent signing of Memoranda of Understanding with DP World for the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone, collectively expected to attract $10 billion in investments and create over 50,000 direct jobs. Governor Dapo Abiodun stated that the OGLNG project could serve as an energy foundation for the anticipated industrial growth around the port and economic zone.
The immediate focus of discussions includes land acquisition and necessary incentives for the project's advancement. Abiodun emphasized the state's commitment to support the project with cooperation and guarantees.
Plus234Feed summary based on reporting from Daily Post. Read the original report below.
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