Tinubu hails $800m investment decision on 50-year-old Ima gas project
President Bola Tinubu has welcomed the $800m Final Investment Decision on the Ima Gas Project, a resource undeveloped for over 50 years. Read More: https://punchng.com/tinubu-hails-800m-investment-decision-on-50-year-old-ima-gas-project/
President Bola Tinubu has welcomed the $800 million investment decision on the 50-year-old Ima Gas Project, highlighting it as a significant milestone in unlocking Nigeria's gas resources for industrialization, job creation and economic growth. The project, developed by AMNI International in partnership with TotalEnergies, is expected to produce approximately 300 million standard cubic feet of gas per day at peak output.
Discovered in 1973 but left undeveloped for over five decades, the Ima gas resource is located offshore in Oil Mining Leases 112 and 117.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
