Nigeria Secures $2bn Shell Offshore Gas Investment, Boosts Energy Sector

Nigeria achieves a major milestone in its energy sector with Shell Petroleum Development Company's $2 billion final investment decision to develop an offshore gas field in OML 144. President Bola Tinubu welcomes the investment as a testament to Nigeria's attractiveness to global investors.

The project is expected to deliver 350 million standard cubic feet of gas per day by 2028, contributing to Nigeria's gas supply needs. This investment is part of Nigeria's ongoing efforts to reform its oil and gas industry and restore investor confidence.