Olokola LNG Plant , Olokola, Ondo State, Nigeria, BG Group

ProCon

The Olokola LNG Project includes plans for a multitrain natural gas liquefaction facility and marine terminal located northwest of Escravos. OK LNG is a 4-train (2 trains initially), 22 mtpa plant and will produce 33 million tonnes of LNG per annum. The complex will produce natural gas liquids (NGLs) as a by-product. The project will consist of three phases, with the first phase (two trains) aims to start production by 2012. The other two trains will follow shortly thereafter. The plant will produce 10 million tonnes per annum of LNG, 2.5 million tonnes of liquified petroleum gas (LPG) per year as well as substantial quantities of condensates. The LNG would be marketed to the Atlantic basin. At completion, it is expected to be the biggest LNG plant in Africa.

BG Group and its partners are developing OKLNG, a liquefaction plant at Olokola, on the south-western coast of Nigeria. In March 2007, the SHA was signed between NNPC, Shell, Chevron and BG Group, which includes the development of the launch project and any future expansions, and sets out the governance within the project company and the shareholders’ rights to supply gas and offtake LNG.

The OKLNG launch project is two trains, each with a capacity of 6.3mtpa of LNG, and expandable in the future to a multi-train natural gas liquefaction facility and marine terminal. Additional technical work is being done to optimise the final design. BG Group has a 14.25% share in the project. All shareholders will have the right to lift their equity share of LNG.

 

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