Nigeria Loses Millions of Dollars on Abandoned Projects for Brass and Olokola LNG.

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The capacity of Nigeria might have increased by 22 million tonnes annually due to two significant LNG projects, Brass LNG and Olokola LNG.

According to oil and gas expert Jide Pratt, despite having plans to develop into a hub or refuge for LNG and petrochemicals, the federal and state governments have failed to support those projects due to a lack of motivation.

The Federal Government is looking for new investors for the country’s abandoned LNG projects, according to Timipre Sylva, minister of state for petroleum resources.

However, because of Nigeria’s unreliable energy supply, European nations are placing their bets on African nations with lesser reserves.

The only sizable investment in Nigerian gas since roughly a decade has been Nigeria LNG Train 7, which is currently under construction.


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