Final agreement on Brass LNG expected next quarter

03 February 2012, Sweetcrude, ABUJA – Nigeria says a final agreeement to build the $8 billion liquefied natural gas (LNG) project in Brass, Bayelsa State, will be signed next quarter.

Austen Oniwon, group managing director of state-owned Nigerian National Petroleum Corporation (NNPC), disclosed this in Abuja.

Gas supply agreements are being resolved and a tender process is going on, Oniwon said, adding: “Before the third quarter, we will take the final investment decision on Brass LNG.”

NNPC has a 30 percent stake in Brass LNG planned for the country’s oil-rich Niger Delta region, while Total SA, Eni SpA and ConocoPhillips each hold 17 percent. LNG Japan and Itochu Corporation hold 4 percent and 3 percent respectively, and a joint venture between Sahara Group and Sempra Energy has 2 percent.

Nigeria is Africa’s top oil producer and the fifth-biggest source of US oil imports. The West African nation, holder of Africa’s largest gas reserves of more than 187 trillion cubic feet, flares most of the fuel it produces along with oil because it lacks the infrastructure to process it.

OK LNG, in which Chevron Corporation, Royal Dutch Shell Plc and BG Group Plc are working with NNPC, “hasn’t made much progress,” Oniwon said.

About the Author

  • Victor T. Nwakonobi

    Much awaited Brass LNG, hope there won’t be futher extension in signing the final agreement. As a graduate of petroleum and natural gas processing engineering, i hope to be part of Brass LNG when it finally kicks of.

  • thanks for thak report,pls sir,i want to ask if any employmet being organize in brass NLG?because somebody ask me to pay one hundred naira to enable me secue the job.pls i need ur reply.from Mr;F Offor

    Brass NLG requirment

  • reuben ogiemwanre

    Brass LNG is hope for nigeria unemploment. Signing the FID to eneble the projet kick off will reduce unemploment in the country especially the south south.

  • Kabaari Ransom

    What a classic project! I will be very grateful if i’m part of this project. What an opportunity for employment to the unemploy Niger Deltan youth. As a man with few experiences of world project i have the strong convinction that i will contribute a lot 2 this great project if call upon.

  • Emeka

    I really want PIB sıgned ınto law now. ıt’s pushıng bıgger ınvestment that could posıtıvely affect d lıfes of the unemployed youth.

  • etete louis

    This project is long due, please Mr. President, Minister 4 petroluem n GMD NNPC, be reminded dat we are loosing LNG global market share for LNG’s.