ICYMI: NNPC welcomes $800m Ima Gas Project final investment decision

Business

ABUJA, Nigeria (NPA) — The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a major development that underscores the growing viability of Nigeria’s upstream gas sector.

In a statement issued on September 25, 2026, by Andy Odeh, Chief Corporate Communications Officer, NNPC Ltd. said the project, located offshore in OMLs 112 and 117, is being developed by AMNI International in partnership with TotalEnergies.

The project is expected to produce about 300 million standard cubic feet of gas per day at peak production, with the output supplying feedgas to Nigeria LNG Limited (NLNG) to support the expansion of its Train 7 project.

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The Train 7 expansion is expected to increase production capacity at the Bonny Island plant from 22 million tonnes per annum to 30 million tonnes per annum.

According to NNPC, the FID was enabled by the Presidential Directives issued in 2024, which provided fiscal incentives for non-associated gas, streamlined contracting processes and reduced development costs.

The Ima project is the fourth major gas project to reach FID under the administration of President Bola Ahmed Tinubu, following Iseni, Ubeta and HI.

Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, described the FID as “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.

NNPC also commended the collaboration among AMNI, TotalEnergies and the Nigerian financial sector, describing the partnership involving an indigenous operator, international partner and domestic capital as a model for future developments.

The company reaffirmed its commitment to working with the Federal Government, regulators and industry partners to sustain investment in the sector and harness Nigeria’s gas resources for industrialisation, job creation and long-term economic development.