Chevron Pulls Out of Nigeria Liquefied Natural Gas Project
From Fuel Fix
By Emily Pickrell
Chevron confirmed Thursday that it has withdrawn from a struggling liquefied natural gas project in Nigeria, as it focuses on supplying natural gas to the domestic Nigerian market instead.
Chevron Nigeria Limited, which is operating the project, confirms that Chevron has withdrawn from the Olokola LNG Project after eight years of unsuccessfully attempting to make the project financially viable. The oil and gas giant pulled out of the project at the end of July.
“We are planning to focus more on the domestic gas market, which appears to have much more opportunities in that space,” said Kurt Glaubitz, a spokesman for Chevron. “We are now looking at alternatives to commercialize the gas resources domestically.”
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