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Natural gas 2.801

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195

Exxon To Build Gas Plant In Nigeria

Exxon Mobil Corp. is teaming up with Nigerian state-owned oil company

Exxon To Build Gas Plant In Nigeria

US oil giant Exxon Mobil Corp. is teaming up with Nigeria's state-owned oil company Nigerian National Petroleum Corp (NNPC) to build a plant to produce natural gas for markets in Europe and America, Exxon said.

Exxon Mobil's Nigerian subsidiary spokesman Udom Inoyo said an agreement was signed Tuesday with the NNPC to cover a preliminary engineering design for the plant to be located on Bonny Island, on the southeastern Niger Delta coast.

He said an initial production of 4.8 million tons a year was being targeted. He gave no details of project cost or dates.

The project is another addition to a string of gas projects oil multinational companies have under way in the West African country.

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