President Bola Tinubu has welcomed the $800m Final Investment Decision on the Ima Gas Project, describing it as a major milestone in efforts to unlock Nigeria’s gas resources for industrialisation, job creation and economic growth.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, stated this in a statement issued on Wednesday.
The statement said the project, developed by Nigerian independent exploration and production company, AMNI International, in partnership with TotalEnergies, is expected to produce about 300 million standard cubic feet of gas per day at peak.
It stated that the Ima gas resource, located offshore in Oil Mining Leases 112 and 117, was discovered in 1973 but remained undeveloped for more than five decades.
The statement said the final Investment Decision, announced on Wednesday, is expected to pave the way for the development of the resource, which has the potential to provide feedgas for Nigeria LNG
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