Nigeria’s biggest LNG producer hopes to raise $10 billionChristian Fernsby ▼ | September 20, 2019
Nigeria LNG, the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion.
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Topics: Nigeria LNG
If the fund-raising drive is successful, the company intends to build the gas plant’s seventh train, expected to boost output by 40%.
This train train is expected to cost $7bn to build, with another $3bn going on pipelines and other supporting infrastructure.
When complete, in five years’ time, output is expected to reach 30 million tonnes a year, an increase of 8 million tonnes. ■