NIPCO Plans Massive LNG Project to Gulp $3bn, Ahead of FID in Few Months

NIPCO Group has announced that it is evaluating a proposed Floating LNG initiative, with preliminary technical, commercial, and feasibility assessments currently underway. The project is expected to cost $3 billion and a final investment decision is anticipated in a few months. The Managing Director of NIPCO Gas Ltd, Nagendra Verma, stated that the FLNG project represents a strategic expansion into LNG and marks the Group's planned entry into the sector. The development reinforces NIPCO's long-term commitment to the development and monetisation of Nigeria's abundant natural gas resources.

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