Ogun State and the Nigerian National Petroleum Company Limited have opened discussions on reviving the long-delayed Olokola Liquefied Natural Gas project along the Ogun Waterside coastline, with the state linking the proposal to a wider maritime and industrial development corridor.
The discussions with NNPC concern the proposed revival of the OKLNG project in Ogun Waterside. The project had been described in the source as a long-delayed development and is now being considered alongside other emerging maritime and industrial investments in the area.
The development follows agreements involving DP World for the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone. The source states that the agreements involve an initial investment exceeding $7 billion and potential direct employment of more than 50,000 people.
According to the source, NNPC has indicated that approximately 1,728 hectares of land and 2.5 kilometres of Atlantic frontage would be required for LNG plants, utilities, storage facilities and associated marine infrastructure.
The Ogun State Government said it had assured NNPC of cooperation, including support relating to land, incentives and guarantees required for the project. The source presents the LNG development as an energy component within the wider coastal economic plans.
The stated vision is to connect the Gateway Deep Sea Port, Blue Marine Special Economic Zone and proposed LNG facilities into an integrated coastal economic ecosystem supporting maritime commerce, manufacturing, logistics, energy and international trade. The OKLNG revival remains at the discussion and development-planning stage described in the source.
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