Company Overview
Cambridge LNG was established to participate in the development of Nigeria’s world class natural gas reserves in furthering the Federal Government of Nigeria’s objectives to reduce gas flaring and the Nigeria’s carbon footprint.
The Federal Government of Nigeria has emphasized the role of natural gas in Nigeria’s energy transition including in the adoption at COP 26 of Nigeria’s Energy Transition Plan with a net zero target by 2060.
Cambridge LNG is in the process of securing long-term gas feedstock from several gas fields and a suitable location for its first LNG project. The Company is committed to capturing a share of the growing global LNG market with plans to develop 10 Million Tons Per Annum (MTPA) LNG production capacity across two resources, leveraging the assets of Lekoil Limited, another portfolio company of Cambridge Growth Partners. The company ensures a secure and consistent supply, with 60% of the gas feedstock originating from these trusted sources.
To transform these resources into LNG, Cambridge LNG has identified potential onshore sites for the installation of liquefaction facilities. This strategic foresight ensures efficient and cost-effective operations while maintaining a strong focus on minimizing environmental impact. In order to navigate the regulatory landscape and forge strong partnerships, Cambridge LNG is engaging in exploratory discussions with the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA) and other local and federal agencies. These collaborative efforts demonstrate the company’s commitment to operating within the framework of regulatory compliance and fostering mutually beneficial relationships.
Cambridge LNG’s prominence in Nigeria’s gas commercialization strategy is further reinforced by robust project economics. The company benefits from favorable market conditions, including low gas feedstock prices, fiscal incentives, and an attractive global LNG price outlook. This favorable economic environment not only ensures the profitability of Cambridge LNG’s operations but also positions it as a significant contributor to Nigeria’s energy sector development. As Cambridge LNG continues to shape its gas commercialization strategy, it remains dedicated to sustainable practices, innovative technologies, and long-term partnerships. With a focus on delivering clean and reliable energy, Cambridge LNG stands as a catalyst for Nigeria’s economic growth and a leading proponent of the country’s energy transition.
Organizational Structure
