US firm to build $100m Bayelsa gas processing plant
The Bayelsa State Government has partnered with US-based Fulcrum LNG to build a multi-million-dollar gas gathering and processing plant in the state. Read More: https://punchng.com/us-firm-to-build-100m-bayelsa-gas-processing-plant/
The Bayelsa State Government has partnered with US-based energy company Fulcrum LNG Incorporated to build a $100 million gas processing facility in the Nigerian state. The agreement was finalized at the conclusion of the inaugural US-Nigeria Governors G2B Forum on Energy, Mining and Infrastructure, held in Texas. The forum, facilitated by Westpaq International, brought together state governors, including Bayelsa's Governor Douye Diri, representatives from other Nigerian states, and top American energy firms.
The project will be implemented in two phases, starting with the collection and commercialization of flared gas to power the state's Independent Power Plant and industrial clusters. Following this, a comprehensive gas monetization and development plan will be executed to utilize the state's vast gas reserves. Fulcrum LNG's CEO, Mr. Jesus Bronchalo, expressed enthusiasm for the partnership, stating that the project's investment size will exceed that of similar operations in South America.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
