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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...
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Nigeria Plots Export Surge as China Drops Tariffs

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In a bold economic move, Nigeria is positioning itself to take full advantage of China’s recent decision to scrap import tariffs on goods from 53 African countries, including Nigeria. This development is seen as a golden opportunity for Nigeria to boost its non-oil exports and strengthen economic ties with one of the world’s largest consumer markets.

President Bola Tinubu has unveiled an ambitious plan to transform Nigeria into a net exporter to China within five years. The focus is on increasing the export of processed agricultural goods, components for electric vehicle (EV) batteries, and refined oil products. This shift aims to diversify Nigeria’s export base, reduce overdependence on crude oil, and strengthen the naira.

To achieve this, the federal government is encouraging investments in agro-processing industries and improving infrastructure around the seaports. Already, non-oil exports have reportedly tripled over the last year, signaling a positive response to policy reforms and growing international demand.

However, challenges persist. Poor road networks, inefficient port systems, and regulatory hurdles continue to hinder the smooth movement of goods. Additionally, while China offers tariff-free access, Nigeria still faces high tariffs in other major markets like the United States. These obstacles could slow down the pace of export growth if not urgently addressed.

Experts have advised the Nigerian government to streamline export procedures, support small and medium-scale exporters with financing, and upgrade logistics to meet international standards. Partnerships with the private sector are also essential to meet the production scale required for consistent export delivery.

With the right policy implementation and infrastructure upgrades, Nigeria stands to benefit immensely from this new window of opportunity. The race to become a major African exporter to China is on—and Nigeria is determined not to be left behind.

Luchiinter News | June 25, 2025
Stay informed. Stay ahead.

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