Business
Coy To Deliver $30m Lagos Free Zone Infrastructure Facility In Q2
Optimera Energy LFZ Enterprise says every machinery has been put in place to deliver the $30 million Lagos free zone natural gas distribution facility by Q2 2025.
Optimera Energy, an indigenous consortium comprising Falcon Corporation Limited, FHN Gas Limited and ND Western Midstream Limited, executed a 20 years Gas Infrastructure Development Agreement with the Lagos Free Zone Company for gas distribution within the Zone.
Managing Director, Falcon Corporation Limited, Prof Joe Ezigbo, disclosed that the project is at 90 per cent completion stage with over $30 million investment committed till date.
He added that the project is crucial to Falcon’s long-term vision of creating an integrated gas supply network that supports economic growth, industrialisation, and energy security.
Ezigbo said, “We plan to commission the facility for ‘First Gas’ delivery in Q2 2025, following completion of FEED and Detail Engineering designs including the process of obtaining relevant permits and approvals.
“This collaboration leverages decades of experience and extensive gas resources to ensure a steady and reliable supply of energy to the Zone”.
Ezigbo noted that Nigeria’s economic landscape is undergoing a transformative shift with energy security at the heart of its next phase of growth.
He explained that reliable, sustainable energy is no longer a luxury but the foundation for industrial expansion, job creation, and economic resilience.
The Falcon Corporation boss noted that Optimera Energy LFZ Enterprise (Optimera Energy) is at the forefront of this transition, bridging the energy gap by delivering clean, cost-effective, and efficient natural gas solutions to power industries and communities.
It would be noted that the gas infrastructure project is comprised of a 25MMScf/D City Gate Station, scalable to 100MMScf/D, together with necessary ancillary infrastructure which included 10km distribution lines within the zone as well as a 6.5km x 10 inches gas pipeline from the Escravos – Lagos Pipeline System tie-in point in the Lekki corridor outside the zone to Optimera City Gate Station at the Lagos Free zone.
Natural gas is a pivotal component of Nigeria’ s energy matrix, offering cleaner and more efficient solutions.
The gas infrastructure project is not just about pipes and stations but about powering communities, industries, and dreams. It is about creating a foundation for economic growth, job creation, and environmental sustainability.
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