Transoceanic Nigeria FLNG Terminal

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Transoceanic Nigeria FLNG Terminal is a proposed LNG export terminal in Nigeria.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Transoceanic Nigeria FLNG Terminal	by Pennington offshore port, Nigeria	4.247571, 5.600936 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Transoceanic Nigeria FLNG Terminal	export	proposed	3 mtpa	3.0 mtpa	True	OML 289 block

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Transoceanic Nigeria FLNG Terminal	export	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Transoceanic Nigeria FLNG Terminal	export	proposed	2024	–	–	–	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Transoceanic Nigeria FLNG Terminal	export	proposed	Transoceanic Gas & Power [100%]	Transoceanic Gas & Power [100.0%]	–

Background

In January 2024, LNG Prime reported that China's Wison had been contracted to build two 3-mpta floating liquefied natural gas (FLNG) export vessels for use offshore Nigeria in separate projects developed by Transoceanic Gas & Power and Ace Gas & FLNG Co Ltd (a subsidiary of Transoceanic). Ace Gas's project will be development offshore Escravos and Transoceanic's project will be developed offshore Pennington. Wison has begun pre-FEED studies for these vessels, which will produce 3 mtpa LNG as well as liquefied petroleum gas (LPG).

Transoceanic said that the project will be located close to the OML 289 block, which it operates on behalf of Cleanwaters. The FLNG's feedstock will come from this block and other assets. The project will also deploy a floating power barge, which will begin supplying 250 MW of power and eventually be upgraded to 1 GW.

The project has private equity backing, and Quantum Suisse will provide financing for upstream development.

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.