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Lloyds List: Work starts on Nigerian Olokola LNG project

Martyn Wingrove
Feb 22, 2006
DESIGN and engineering work is under way on the Olokola liquefied natural gas project in Nigeria after three oil companies signed a project development agreement with the government.
Four LNG trains with a combined production capacity of 22m tonnes per annum are in the plans of Royal Dutch Shell, Chevron and British firm BG Group.
Front-end engineering and design studies can begin now the agreement is signed with Nigerian National Petroleum Corp and the partners expect the technical work will be completed by the end of this year.
The joint venture group expects to make the final investment decision early in 2007 and to have the first two trains on-stream in 2010.
'The Olokola LNG project creates new LNG infrastructure from which Shell can enhance its leadership in LNG,' said Shell's gas and power executive vice-president Catherine Tanna.
'Olokola will supply much needed energy to the rapidly growing LNG markets of Europe and North America.'
Four trains of 5.5m tpa capacity each are planned, plus a processing plant to produce natural gas liquids as a by-product.
The complex will be built in the Olokola free trade zone on the Nigerian southwest coast and will take gas from the West Niger Delta onshore and offshore fields.
Shell and Chevron are well established upstream in Nigeria. BG Group entered this section in last year's licensing round.

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