Oando to build $350-mln gas plant

LAGOS, November 27, 2015 – Nigerian company Oando plans to build a gas processing plant with an investment of between $300 million and $350 million, the company’s head of gas and power said on Thursday.

The plant is slated to have a capacity of 8.5 mcm (300 mcf) per day and will take two years to complete. Work on the plant is scheduled to begin in the first quarter of 2016.

The move is part of an initiative by Oando to integrate its gas production and supply units. The company said Nigeria’s gas production capacity is large enough to necessitate more plants, but more investment in production will be needed in the longer term to meet growing domestic demand.

Oando is Nigeria’s largest independent hydrocarbons company.

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