The Lagos State Government says it is in discussions with a provider of a floating storage special unit (FSRU) to deliver off-grid energy security for the region.

It is hoped the US$3bn gas-to-power project, known as the Embedded Power Supply Programme, will provide 3,000MW of electricity and will kick start the deregulation of the Nigerian Power Sector from Lagos. The state currently receives about 25 per cent of the power generated from the national grid.

Speaking at the DLO Power Roundtable in London on 30 October, Wale Oluwo, Commissioner for Energy and Mineral Resources, said, “A floating storage special unit (FSRU) has the capacity to regasify 750 million standard cubic feet of gas per day – that’s enough to power 3,000MW.”

The commissioner said the state government was negotiating with Golar LNG Ltd to acquire the Golar Tundra or the Golar Spirit for a FSRU unit and plans to guarantee the uptake of gas to ensure the project is bankable.

Source: African Review