Nigeria’s bold energy reforms are delivering results. Shell has today announced a $2 billion Final Investment Decision (FID) for the development of the HI offshore gas field (OML 144). This major milestone will supply 350 million standard cubic feet of gas per day.

This project alone will deliver nearly one-third of the gas needed for NLNG Train 7, ensuring more reliable LNG exports to global markets and expanding LPG supply for domestic use, reducing imports, boosting foreign exchange earnings, and advancing clean cooking access for millions of Nigerian households.

It is the third major oil and gas FID in the last 18 months, following the Ubeta gas project and Bonga North deepwater, bringing total upstream investment commitments to over $8 billion since President Bola Ahmed Tinubu assumed office in 2023.

These landmark projects are proof that targeted policy reforms, fiscal incentives, and streamlined processes are restoring investor confidence and repositioning Nigeria as a competitive global investment destination.

And this is only the beginning; more FIDs are on the horizon as we unlock Nigeria’s vast gas potential to drive industrialization, create jobs, and power a cleaner, more prosperous future.