Why $800m Ima Gas FID Is Fourth Big Gas Win For Tinubu – NNPC

● ‘The FID Lights Up NLNG Train 7 and the Nigeria’s gas revolution just got louder.’ What the national oil giant said on landmark projecg that proves Nigeria’s upstream gas is back in business

The Nigerian National Petroleum Company Limited has hailed the $800 million Final Investment Decision on the Ima Gas Project as a landmark that proves Nigeria’s upstream gas is back in business.

It is not just another FID. It is the fuel that will power the country’s biggest LNG ambition.

Located offshore in OMLs 112 and 117 and driven by indigenous AMNI International in partnership with French giant TotalEnergies, Ima will pump about 300 million standard cubic feet of gas per day at peak.

That gas has one destination: Nigeria LNG Limited at Bonny Island, the critical feedgas to keep its Train 7 expansion alive. Train 7 will catapult NLNG capacity from 22 million tons per annum to 30 MTPA.

This is how you build an energy superpower — one pipeline at a time.

NNPC Ltd said the deal was made possible by President Bola Tinubu’s Presidential Directives of 2024, the game-changing reforms that gave non-associated gas sweet fiscal incentives, slashed contracting bottlenecks and lowered development costs.

And the numbers tell the story. Ima is now the fourth major gas project to reach FID under Tinubu, after Iseni, Ubeta and HI. Four FIDs in under two years — a record run not seen in a decade.

Reacting, Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, was emphatic. He called Ima “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.

Industry watchers agree. The Ima model — an indigenous operator leading, an international oil company providing technology, and Nigerian banks providing capital — is being celebrated as the new template for the Decade of Gas.

For AMNI International, a homegrown company that has held OMLs 112 and 117 through turbulent oil cycles, this $800m nod with TotalEnergies is a crowning moment. It shows local capacity can deliver world-class offshore gas.

For TotalEnergies, it secures long-term feedstock for its NLNG equity, while for Nigeria, it means more export dollars, more LPG for cooking, and more gas for power plants and factories.

NNPC Ltd, in its statement, also commended the quiet but powerful role of the Nigerian financial sector that helped syndicate funding for the project, proving domestic capital can now dream big.

The national oil company reaffirmed its commitment to work with government, regulators and industry partners to sustain this investment momentum and deploy Nigeria’s 209 trillion cubic feet of gas for industrialisation, job creation and long-term prosperity.

The message from Ima is clear: Nigeria’s gas is no longer stranded.

NOP NIGERIA