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Olufola  Wusu's picture
Partner Head of Oil and Gas/Intellectual Property Practice Megathos Law Practice

Olufola Wusu is a policy consultant, entrepreneur and attorney, who was part of the team that helped review the National Gas Policy 2016 for the Federal Ministry of Petroleum Resources in...

  • Member since 2020
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  • Feb 10, 2021

Nigeria has ostensibly joined the league of nations with Floating LNG plants.

The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE), the first floating Liquefied Natural Gas (LNG) production plant to an indigenous oil and gas company.

Mr Sarki Auwalu, Director, DPR who presented the licence said the company would be processing 176MMcfd natural gas and condensate.

Matt Chester's picture
Matt Chester on Feb 10, 2021

Would the oil and gas production be more for domestic use or for export to other nations? 

Olufola  Wusu's picture
Olufola Wusu on Feb 22, 2021

Thank you for this Matt.

The natural gas and condensate produced by this project, may probably be for export to other nations. The commercial direction of the project will most likely be disclosed in the nearest future. 

Olufola  Wusu's picture
Thank Olufola for the Post!
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