The thesis is that the assets are stronger together. They share gas, power, utilities and marine access, and together they can give the port concession cargo of its own. Private quays in Nigeria have lasted where industry on the backland creates that cargo. Onne and the LADOL yard are the precedents the sponsors use.
The same logic sets the order of the build. Power and LNG lead. Methanol phase 1 is in the base case. A second methanol train, the products terminal and a refinery are not. Integration also concentrates risk: a gas shortfall, a title defect or a delay in port access would touch more than one line.
Four foundations are still unsigned: land title, gas supply, offtake and the sponsors’ funding. The strategic case is coherent. It is not yet a financed project.
- Shared gas. One gathering system is planned to serve LNG, methanol and power, instead of three separate supply projects.
- Captive power. The power plant is sized to feed the hub’s own plants and estate tenants before anything is exported.
- Its own cargo. The plants and the first tenants are meant to give the port concession cargo of its own, in the way Onne and the LADOL yard did for their quays.
The hub also sits next to Nigerian policy the sponsors intend to work with: domestic gas monetisation, Nigerian content rules under the NCDMB, host-community arrangements in the Niger Delta, and Delta State’s own electricity framework under the Electricity Act 2023. None of those is a granted approval.