Nigeria has secured a $2 billion Final Investment Decision (FID) from Shell and Sunlink Energies for developing the HI Field in Offshore Mining License (OML) 144, a shallow offshore gas project located about 50 km off the Nigerian coast in the Gulf of Guinea. The project will supply about 350 million standard cubic feet per day (mmscf/d) of non-associated gas from 2028, nearly covering a third of the gas needed for Nigeria LNG Limited’s proposed Train 7.

This investment is the third major oil & gas FID in the past 18 months and reflects the government’s recent reforms—such as fiscal incentives, streamlined approvals, and regulatory clarity—aimed at boosting investor confidence and unlocking Nigeria’s gas potential.

Sources: Nature News