NLNG shareholders set to take FID on train 7 plus project

Nigeria Liquefied Natural Gas (NLNG) Limited has announced its progress towards achieving Final Investment Decision (FID) on its Train 7 Plus (7+) project in 2018.
In an oil and gas document obtained by the Blueprint Newspaper, the General Manager, External Relations, Kudo Eresia- Eke, who made the announcement recently at the World LNG summit in Portugal, said this phase of the company’s strategic growth programme will, on completion, upscale NLNG’s annual production capacity from the current capacity of 22 metric tonnes per annum (mtpa) to 30 mtpa.
Speaking at the summit, the Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Tony Attah, said: with Nigeria’s proven reserves of about 192 trillion cubic feet of natural gas, and another 600 trillion cubic feet in potential, this milestone development is coming at a crucial time. “I am excited about this development which would not be possible without the support of our board and shareholders, the shared vision within our company of helping to build a better Nigeria, our core values of integrity, team work, respect, excellence and caring: the commitment of our staff, and the cooperation from government and the other state holders including our loyal customers, he said.
According to him this milestone would symbolize many things, we have consistently shown the world that NLNG is a world class company, operating out of a globally strategic country, safely and reliably delivering clean energy to its customers. Secondly, and most importantly for Nigeria, it shows that it is time for gas. This is the time to unleash the country’s gas potentials through catalysts like Trains 7 plus to spur socio economic transformation. “NLNG remains a success and we are determined to sustain our status as an inspiration to Nigeria. The company has generated $90 billion in revenues as well as paid $5.5 billion in taxes to government. The company has also helped monetize the country’s gas resources and significantly contributed to reducing gas flaring from 65 percent to less than 20 percent” he remarked.
NLNG runs an integrated plant on Bonny Island where its current six liquefaction trains share common facilities including storage tanks, shipping capacity and the loading jetties with a gas intake of 3.5 billion standard cubic feet of natural gas per day.