The plant will have capacity to process 500 million cubic feet a day of gas, with 70 per cent of its output earmarked for local consumption. MGC is negotiating medium-term offtake agreements with a number of overseas energy firms for the remainder. The project promoter is likely to finance the scheme on a 70:30 debt/equity basis.

The front-end engineering and design (FEED) work has been completed by a team of Belgium’s Tractebel Engineeringand the UAE’s Global Process Systems.