Golar to Establish LNG-to-power Projects In Nigeria

• Golar to Establish LNG-to-power Projects In Nigeria

A Liquefied Natural Gas (LNG) company, Golar LNG is set to expand beyond its core gas shipping and terminals business to a fully integrated gas and power projects in Nigeria.

Robert Carter, the Chief Commercial Officer, Golar, made known on Monday, that the company is in discussion with Nigerian authorities on setting up a power project, importing LNG with its vessels, utilization of domestic supplies of Liquefied Natural Gas and a fully integrated gas and power project.

“We’re in discussions with Nigerian authorities. We’re trying to develop a terminal there that could include the utilization of domestic LNG supplies,” Robert Carter said.

Golar LNG, aims to enlarge its operations beyond its key Liquefied Natural Gas shipping business to an LNG-to-power projects; the company already owns half of the $1.7 billion Sergipe power plant project in Brazil.

An LNG-to-power projects is made up of an LNG import terminal, such as a Floating Storage Regasification Unit (FSRU); this involves using pipelines for the regasification of gas and a gas feedstock power plant to produce electricity.

In an earlier statement, the Lagos State Commissioner for Energy and Mineral Resources, Mr Olawale Oluwo said that the state government is in negotiations with Golar LNG as regards to power projects and targets up to a 3,000-megawatt power project.

“We have got very far with our negotiations with Golar LNG Ltd – a major supplier of energy – which particularly deploys FSRUs in Africa. We wanted the best supplier and in the case of Golar LNG Ltd, they gave us the option to either choose from the Golar Tundra, which was in Ghana earlier this year, or the Golar Spirit, which has finished its assignments in Brazil”. The commissioner remarked.

The Bermuda originated company, Golar LNG, has a fleet of 16 LNG carriers and 8 FSRU; the company targets a broader LNG business by carrying out the activities of power projects at the downstream and operating production facilities at the upstream.