Tinubu: 50-year-old gas field gets $800m lifeline, to supply one-third of NLNG expansion needs

• Ima project to produce 350m cubic feet of gas daily at peak
From Juliana Taiwo-Obalonye, Abuja
President Bola Tinubu has announced an $800 million Final Investment Decision (FID) by AMNI International and TotalEnergies to finally develop the Ima Gas Field, a resource discovered in 1973 but left undeveloped for more than five decades.
The President, in a post on his verified X handle, @officialABAT, on Wednesday, said the investment marked an early outcome of reforms introduced by his administration to make Nigeria’s oil and gas sector more attractive to investors and accelerate the development of stranded assets.
According to him, the Ima Gas Project is expected to produce about...