NNPC, Norway’s Golar sign agreement on floating LNG plant

Nigeria’s state oil company, NNPC Ltd, announced late Wednesday that it had signed a memorandum of understanding with Golar LNG of Norway to build a floating liquefied natural gas plant in the country.

Nigeria, Africa’s largest oil producer, has some of the world’s largest gas reserves and is looking for investment to boost domestic supplies and exports.

The memorandum was signed in Abuja by NNPC CEO Mele Kyari and Golar CEO Karl Fredrik Staubo, according to NNPC on Twitter late Wednesday.

The company provided no additional information and did not respond to requests for comment.

Golar has previously stated plans to establish a power project in Nigeria that would use one of its ships to import liquefied natural gas.