Bayelsa Signs Deal With US Firm for Gas Processing Project

The Bayelsa State Government has signed an agreement with US-based Fulcrum LNG Incorporated to develop a gas gathering and processing facility. The project is planned in phases, starting with capturing flared gas for the state’s power plant and industrial clusters while reducing pollution. Fulcrum LNG CEO Jesus Bronchalo said the company will study Bayelsa’s flare sites before deciding on suitable technology and infrastructure. The investment amount has not been determined and will depend on the findings. He said the company typically funds projects fully, while government equity would require a capital contribution. Governor Douye Diri said the project could support environmental protection and industrialisation. He cited Bayelsa’s estimated share of Nigeria’s proven gas reserves and its contribution to gas used by NLNG as reasons for the state’s potential.

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