Niger Delta: Shell Nigeria To Invest In Gas Project


The managing director of Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, yesterday disclosed that the Company is taking into consideration plans to investing in a gas project in Nigeria’s southern Niger Delta energy hub.

Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf).

Okunbor said Shell was “on the verge of making a final investment decision” on a project in the city of Asa that would have a capacity of 300 million cubic feet.

He declined to specify the sum of money being considered as a possible investment.
Okunbor, however, told journalists that Shell was putting more emphasis on gas and reducing the oil portion of its footprint in Nigeria, although he added that the company was “still a significant player in onshore oil.”

Subscribe to Our VIP Newsletter

Previous articleDangote: ‘Nigeria Loses N140bn To Apapa Gridlock Weekly’
Next articleDelta Steel Company: New Operator Assures Reopening In December
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here