Nigeria Secures Jindal Group’s Commitment for $4bn Iron Steel Plant’s Gas Offtake

Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has successfully secured a commitment from Jindal Group to offtake about 450 million metric standard cubic feet per day (MMscfd) of natural gas to underpin a $4 billion investment in a 10 million tonnes per annum Hot Briquetted Iron (HBI) Steel Plant to be located at Ibom Solutions Hub Industrial Park (ISHIP), a free zone facility in Akwa Ibom State. A statement by Louis Ibah, media aide to the Minister of Gas, noted that this project eas expected to create…

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