US $100 million for gas project

The African Development Bank has approved a US $100-million loan to Nigeria for a liquified natural gas project in the Niger River Delta that is expected to create 1,050 jobs, the ADB reported. The money is to fund the expansion of the Nigeria Liquefied Natural Gas Limited’s operations, located 40 km south of Port Harcourt in the Niger Delta, the ADB said. It aims to produce liquefied natural gas, liquefied petroleum gas and condensate for sale on international markets. The NLNGPlusProject involves construction and operation of two air-cooled liquefied natural gas trains capable of processing 1,334 million cu.ft per day of gas, bringing the total number to five trains with an overall capacity of 2,810 million cu.ft per day. It will also help capture gas which is normally flared. "With this project, the local populations will benefit from social development programs in the areas of education, infrastructure and health, including prevention programs such as immunization and malaria rollback," the ADB said. It added that the loan would help reduce pollution by helping to limit the negative environmental impact from gas flaring, which represents about 25 million metric tonnes of carbon emissions per year.