Osagie Okunbor, managing director of Shell Petroleum Development Company of Nigeria (SPDC), has said Shell is considering whether to invest in a gas project in Nigeriaâ€™s southern Niger Delta energy hub,Â ReportersÂ reports.
Nigeria has the worldâ€™s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf). OkunborÂ said it was â€œon the verge of making a final investment decisionâ€ on a project in the city of Asa that would have a capacity of 300 million cubic feet.
He declined to specify the sum of money being considered as a possible investment. Okunbor indicated that Shell was putting more emphasis on gas and reducing the oil portion of its footprint in Nigeria, although he added that the company was â€œstill a significant player in onshore (oil)â€.