Bayelsa State and Fulcrum LNG partner for $100m gas plant

The Bayelsa State Government and US-based Fulcrum LNG Incorporated have entered into a partnership to develop a $100 million gas gathering and processing facility in Bayelsa State. This agreement was finalized on November 9, 2026, during the US-Nigeria Governors G2B Forum on Energy, Mining, and Infrastructure in Sugar Land, Texas.

The project will commence with the collection and commercialization of flared gas to power the state's Independent Power Plant and industrial clusters, addressing environmental pollution. Fulcrum LNG's CEO, Jesus Bronchalo, indicated that the company would conduct a field study of flare sites in Bayelsa to assess the necessary technology and infrastructure.

He noted that the investment size could surpass that of a similar $3 billion project in Guyana, with a timeline of about 12 months from Final Investment Decision (FID) to commissioning. Governor Douye Diri emphasized the project's significance for environmental protection and industrialization, expressing his administration's commitment to its swift initiation.