Tinubu Welcomes $800m Investment to Develop Long-Abandoned Ima Gas Field

President Bola Tinubu has welcomed the $800 million Final Investment Decision for the development of the Ima Gas Project, describing it as an important step towards unlocking Nigeria’s long-underutilised gas resources. The project, being developed by Nigerian energy company AMNI International in partnership with Total Energies, covers the Ima gas field located across the OML 112 and 117 offshore licences near Bonny Island, Rivers State. The field was discovered in 1973 but remained undeveloped for more than five decades. Under the approved development plan, production is expected to begin in 2028 and reach a plateau of about 350 million standard cubic feet of gas per day. The field will be connected through a 22-kilometre pipeline to Nigeria LNG and is expected to provide about one-third of the gas required for the company’s Train 7 expansion, which is designed to increase LNG production capacity from 22 million tonnes per year to 30 million tonnes.

Tinubu said the project demonstrated the importance of creating a predictable and competitive environment capable of attracting investment into Nigeria’s energy sector. He said the administration’s gas strategy was focused not only on increasing production but also on using the resource to support industries, LNG exports, power generation, fertiliser and petrochemical production, while creating jobs and business opportunities. The Ima project is the latest major gas development to reach FID amid government efforts to revive investment in the sector. Total Energies will operate the project with a 40 per cent stake, while AMNI holds 60 per cent. The development is also expected to have significant local participation, with key contractors being Nigerian companies and about 60 per cent of the workforce during the development phase expected to come from host communities. The project is designed around a single platform, with power supplied from shore and no routine gas flaring.

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