Shell’s $2 Billion Nigeria Gas Gamble Ignites LNG Boom Amid $8 B Investment Surge
Royal Dutch Shell has greenlit a $2 billion offshore gas development in Nigeria’s Niger Delta waters, partnering with indigenous firm Sunlink Energies. The project – known as the “HI” gas field – marks a significant final investment decision for Shell’s Nigeria portfolioreuters.com. Once operational, the HI field is expected to pump out 350 million standard cubic feet of gas per day at peak, roughly 60,000 barrels of oil equivalent in energy termscompressortech2.comcompressortech2.com. This gas will be funneled to the Nigeria LNG plant on Bonny Island, a joint venture export facility where Shell holds a 25.6% stakecompressortech2.comshareprices.com. According to Shell, first production from HI is targeted by 2028–2030, reflecting the project’s offshore complexityreuters.comts2.tech. Shell’s Nigerian subsidiary SNEPCo will own 40% of the HI project, with Sunlink holding a 60% operating stakets2.tech. The field itself was discovered in 1985, lying about 50 km off Nigeria’s coast in 100-meter-deep watersreuters.com. The development plan features a wellhead platform with four production wells and a new pipeline to transport gas onshore to the NLNG facilityshell.comcompressortech2.com. Shell estimates the field contains around 285 million barrels of oil equivalent in recoverable resourcescompressortech2.com.