The Shell Petroleum Development Company of Nigeria Limited (SPDC) has finalized plans to provide gas to the Dangote Fertiliser and Petrochemical Plant in Lekki for a duration of 10 years, marking a significant milestone in Nigeria’s energy sector.
The decision, known as the final investment decision (FID), involves SPDC and its joint venture partners, including the Nigerian National Petroleum Company Limited, TotalEnergies EP Nigeria Limited, and Nigerian Agip Oil Company.
Managing Director of SPDC, Osagie Okunbor, emphasized the importance of this investment decision, stating, “This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa State.”
Okunbor reiterated the commitment of SPDC and its partners to Nigeria’s ‘Decade of Gas’ initiative, highlighting the significance of increasing natural gas delivery to the domestic market for industrialization and economic development.
The FID signals a positive development towards the construction of necessary infrastructure for the project, which is expected to generate employment opportunities through direct and indirect means.
Dangote Fertiliser and Petrochemical Plant, Africa’s largest granulated urea fertiliser complex, currently fulfills approximately 65 percent of Nigeria’s domestic fertiliser needs. The supply of gas from SPDC will further enhance the plant’s capacity to meet the demands of the Nigerian government and people.
