Nigeria's Presidency Announces Shell's $2 Billion Gas Investment in Niger Delta

The Nigerian Presidency reveals Shell's $2 billion investment in a new gas project in the shallow offshore OML 144 field in the Niger Delta. The project is expected to produce 350 million standard cubic feet of gas per day by 2028, supporting Nigeria's LNG capacity expansion and creating economic growth.

President Bola Tinubu welcomes the investment, emphasizing its alignment with the government's reform agenda. Shell reaffirms its commitment to Nigeria's energy sector, with a total investment commitment of $8 billion.

The investment aims to boost job creation, stimulate the economy, and increase foreign exchange earnings.