Olokola LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Olokola LNG Terminal, also known as OK LNG, is an LNG export terminal in Nigeria with units that are cancelled (confirmed) and proposed.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| T1 | Olokola Free Trade Zone, Cross River State, Nigeria[1] | 5.021667, 8.320278 (approximate) |
| T2 | Olokola Free Trade Zone, Cross River State, Nigeria[1] | 5.021667, 8.320278 (approximate) |
| T3 | Olokola Free Trade Zone, Cross River State, Nigeria[1] | 5.021667, 8.320278 (approximate) |
| T4 | Olokola Free Trade Zone, Cross River State, Nigeria[1] | 5.021667, 8.320278 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| T1 | export[2] | proposed[3] | 6.3 mtpa[3] | 23.6 mtpa | False | – |
| T2 | export[2] | proposed[3] | 6.3 mtpa[3] | 23.6 mtpa | False | – |
| T3 | export[2] | cancelled (confirmed)[3] | 5.5 mtpa[4] | 23.6 mtpa | False | – |
| T4 | export[2] | cancelled (confirmed)[3] | 5.5 mtpa[4] | 23.6 mtpa | False | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| T1 | export[2] | – | – |
| T2 | export[2] | – | – |
| T3 | export[2] | – | – |
| T4 | export[2] | – | – |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| T1 | export[2] | proposed[3] | 2005[5] | – | – | –[6][6] | – |
| T2 | export[2] | proposed[3] | 2005[5] | – | – | –[6][6] | – |
| T3 | export[2] | cancelled (confirmed)[3] | 2005[5] | – | – | – | 2023 (cancelled)[7] |
| T4 | export[2] | cancelled (confirmed)[3] | 2005[5] | – | – | – | 2023 (cancelled)[7] |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| T1 | export[2] | proposed[3] | NNPC Ltd [100%][2] | NNPC Ltd [100.0%] | – |
| T2 | export[2] | proposed[3] | NNPC Ltd [100%][2] | NNPC Ltd [100.0%] | – |
| T3 | export[2] | cancelled (confirmed)[3] | NNPC Ltd [100%][2] | NNPC Ltd [100.0%] | – |
| T4 | export[2] | cancelled (confirmed)[3] | NNPC Ltd [100%][2] | NNPC Ltd [100.0%] | – |
Background
The Olokola liquefied natural gas (LNG) terminal project was initiated in 2005. The project would have a total capacity of 12.6 million metric tons per year (mtpa), or 1.81 billion cubic feet per day (bcfd).[8] The initial project consisted of four trains of 5.5 mtpa capacity each.[9] The original price tag was $9.8 billion. The Nigerian National Petroleum Corporation had a 49.5% stake, Shell and Chevron each had 18.5%, and the UK's BG Group (which Shell bought in 2016) had 13.5%. Start-up was originally scheduled for 2011[10] An MOU was signed in 2005, and an investors' agreement in 2007.[11]
In 2009, BG Group pulled out of the project, and in August 2013, Shell and Chevron pulled out, leaving NNPC as the sole shareholder. The companies were reportedly frustrated at the lack of progress (and low gas prices didn't help).[11]
Although NNPC has declared its commitment to the project as recently as December 2016,[12] there has been much speculation in the Nigerian press that the project is dead. The government has spent $600 million on the project.[13][14] There had been no development updates since 2013 and it was presumed to be cancelled.
In November 2023, NNPC said that it was in conversations with offshore investors to revive two old projects: Brass LNG Terminal and Olokola LNG Terminal.[15]
In September 2024, NNPC confirmed it was in talks with investors to revive the projects.[8]
In June 2026, Ogun State Governor Dapo Abiodun announced that NNPC Ltd had informed the state government of its decision to revive the long-dormant Olokola LNG (OKLNG) project, alongside plans for the Olokola deep sea port and related industrial infrastructure.[16]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 https://www.reuters.com/article/markets/nigerian-olokola-lng-to-start-up-in-2012-obasanjo-idUSL18216793/.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 https://www.marketresearch.com/Timetric-v3917/NNPC-Olokola-LNG-Plant-Lagos-11165173/.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 https://financialenergyreview.com/nnpc-ltd-sets-to-resuscitate-brass-and-olokola-lng-projects-returns-to-negotiation-table-with-offshore-investors/.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 https://royaldutchshellplc.com/2006/02/22/lloyds-list-work-starts-on-nigerian-olokola-lng-project/.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 5.2 5.3 https://lngprime.com/africa/nigerias-nnpc-in-talks-to-revive-two-lng-projects/126432/.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 6.2 6.3 http://www.reuters.com/article/nigeria-oklng-idUSL1821679320070418.
{{cite web}}: Missing or empty|title=(help) - ↑ 7.0 7.1 https://financialenergyreview.com/nnpc-ltd-sets-to-resuscitate-brass-and-olokola-lng-projects-returns-to-negotiation-table-with-offshore-investors/ https://financialenergyreview.com/nnpc-ltd-sets-to-resuscitate-brass-and-olokola-lng-projects-returns-to-negotiation-table-with-offshore-investors/; https://financialenergyreview.com/nnpc-ltd-sets-to-resuscitate-brass-and-olokola-lng-projects-returns-to-negotiation-table-with-offshore-investors/.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ 8.0 8.1 Staff, LNG Prime (2024-09-23). "Nigeria's NNPC in talks to revive two LNG projects". LNG Prime. Retrieved 2025-07-02.
- ↑ "Lloyds List: Work starts on Nigerian Olokola LNG project". Royal Dutch Shell Plc .com. 2006-02-22. Retrieved 2025-07-02.
- ↑ Nigerian Olokola LNG to start up in 2012 - Obasanjo, Reuters, 18 Apr. 2007.
- ↑ 11.0 11.1 Chevron, Shell pull out of Olokola LNG project, Vanguard, 23 Aug. 2013.
- ↑ NNPC Reiterates Commitment to Brass, OK LNG, NNPC press release, 29 Dec. 2016.
- ↑ Why NNPC May Cancel Olokola LNG Project in Ogun, Ondo States, This Day, 3 Jan. 2017.
- ↑ How FG made Brass, OKLNG projects fail — Gaius-Obaseki, others, Vanguard, 14 Mar. 2017.
- ↑ admin (2023-11-15). "NNPC Ltd Sets to Resuscitate Brass and Olokola LNG Projects Returns to Negotiation Table with Offshore Investors". Financial Energy Review. Retrieved 2024-07-18.
- ↑ "oklng-revival-deep-sea-port-to-drive-ogun-watersides-economic-transformation-says-abiodun/". Retrieved 2026-07-14.
{{cite web}}: CS1 maint: url-status (link)
