18 May 2022
TEMPLARS has advised Lagos Free Zone Company (“LFZC”) on the development of an integrated gas infrastructure network with a scalable base capacity of 40MMscf/d for the supply and distribution of gas for domestic utilization within the Lagos Free Trade Zone- the sunrise economic epicentre of West Africa.
This innovative development executed by a formidable consortium of upstream, midstream and downstream players consisting of Falcon Corporation Limited, First Hydrocarbon Nigeria and ND Western is set to bring gas from the Niger Delta to an industrial cluster in Lagos and includes a hybrid plan to supply and distribute pipeline gas and liquified natural gas. This project is a new milestone for a fast-paced industrial cluster which also doubles as a free trade economic zone. The project magnifies the vision for the Decade of Gas declared by the Nigerian government and is one of the first of such transactions after the passage of the Petroleum Industry Act, 2021.
TEMPLARS played a critical role in the project conceptualization, distributor selection process, project risk analysis, ESG compliance adoption, documentation, and negotiation of the Gas Infrastructure Development Agreement (“GIDA”). The GIDA was officially signed May 16,2022 at the offices of LFZC.
Consistent with the commitment of the Nigerian Government to gas industrialization and energy transition, the Integrated Gas Practice of TEMPLARS continues to push the envelope in ground-breaking gas commercialisation projects in Nigeria.