Shell is placing Nigeria at the center of its global liquefied natural gas (LNG) expansion plan, aiming to reach 12 million tons of annual output by 2030.
By capitalizing on its international gas assets, the company plans to meet growing LNG demand, particularly across Asian markets.
On June 12, Shell’s Integrated Gas Division chief, Cederic Cremers, identified Nigeria as a strategic priority, along with Qatar, the UAE, and Canada.
A key piece of this strategy involves scaling up operations at the Nigeria LNG facility on Bonny Island, where Shell owns a 25.6% stake.
This expansion project will raise the plant’s capacity from 22 to 30 million tons per year, with the new Train 7 unit expected to add 4.2 million tons annually.
Beyond exports, Shell is also supplying natural gas for domestic industrial use.
It has entered into supply agreements with the Dangote fertilizer plant and the Brass Fertilizer project in Bayelsa.
To support these efforts, Shell plans to invest $1 billion in boosting its upstream gas operations in Nigeria.
In 2024 alone, Shell supplied nearly 65 million tons of LNG to over 30 countries.
The company expects its Nigerian gas projects to play a major role in meeting a projected 40% increase in global LNG demand over the next 15 years, largely driven by Asia’s energy transition and digital growth.
In a move to reshape its portfolio, Shell also completed the sale of its 30% interest in the SPDC joint venture to the Renaissance group earlier this year.
source: www.ecofinagency.com
