Nigeria has secured a major boost for its energy sector with Shell’s $2 billion Final Investment Decision (FID) for a new gas project in the offshore HI Field, OML 144. The project, set to begin production in 2028, will deliver 350 million standard cubic feet of gas per day, helping to meet the feedgas requirements for Nigeria LNG’s Train 7 project.
This marks Nigeria’s third significant FID in 18 months, following the Ubeta and Bonga North projects, bringing total upstream investment to over $8 billion since President Bola Tinubu took office in 2023. These investments highlight the success of the President’s energy reforms, which have restored investor confidence through fiscal incentives, regulatory clarity, and simplified processes.
The Shell project will strengthen Nigeria’s position as a leading LNG exporter and expand domestic gas supply, benefiting both global markets and local communities. With reforms driving growth, Nigeria is poised to become a major player in the global energy market. President Tinubu reaffirmed his administration’s commitment to creating a favorable investment environment.
