NLNG Eyes Q4 2019 for Train-7 FID, Secures Local Content Plan - THISDAYLIVE via thisdaylive
The Nigeria Liquefied Natural Gas Limited, yesterday disclosed that it would take a final investment decision on its new 8 million metric tonnes per annum Train-7 gas plant by the fourth quarter of 2019.
It also stated that its sourcing of funds for the project which is expected to grow its production capacity from 22mtpa to 30mtpa, and further raise Nigeria’s global LNG market share, has remained healthy. When asked how far the NLNG had gone with its plans to raise funds for the project, Attah said: “We are not far off as a matter of fact, when you start a project of this nature, you will have estimates in mind. In the course of the presentation, the Executive Secretary mentioned that this particular project is in the region of $4 to $5 billion. But when he referenced the value network, it is beyond the $4 to $5 billion that we will be spending in Bonny.
“We are here to enable gas. It is time for Nigeria, and I am even challenged that Nigeria has ridden on the back of oil for more than 50 years, it is now time to fly on the wings of gas. Wabote, likewise noted that Train-7 would deliver 100 per cent in-country fabrication of the condensate stabilisation unit; pipe-racks; flare system; and non-cryogenic vessels.
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