(Updated) NLNG Train 7 FID Nears Fruition As Critical Agreements Signed
The Final Investment Decision of the Nigeria Liquefied Natural Gas Limited (NLNG) Train 7, is expected by year end as plans have reached advanced stage and critical enabling agreements being signed.
One of such is the NLNG Train 7, Nigerian Content Plan, signed in Abuja, recently.
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, who was represented at the signing by the corporations chief operating officer, Gas and Power, Engr. Saidu Mohammed, said the signing ceremony was important as one of the major processes to bring the Train 7 project on board.
Dr Baru, expressed the corporation’s commitment to support the project as it would encourage production and utilization of natural gas for the benefit of the nation.
While noting that the project had a lot of potentials that would benefit the nation, he however, called on the Nigerian Content Development and Monitoring Board (NCDMB) to ensure that Train 8 and any other LNG projects in the future should be designed to accommodate more local content in the fabrication of facilities.
“Apart from being 49 per cent share holder in NLNG, we are more interested because it will enhance the development of gas in the country. Bringing the gas to this Train 7 would involve a robust gathering system that will connect trunk lines from offshore to the hinterland,” Baru said.
“Looking beyond NLNG to domestic market, which will open up a flexible system that allows us to swing gas either way, depending on need. This implies that if NLNG is not running, the gas meant for it can be sent to the local market, and when the local market has difficulty in getting the gas consumed, same can be sent back to NLNG,” he added.
In his remarks, NLNG Managing Director, Engr. Tony Attah, expressed gratitude to the management of the NNPC for its roles in seeing the project to this critical stage.
He said his firm was focused on remaining competitive in the global LNG market and would prove that to the world with the Train-7 project, as well as end gas flaring in Nigeria.
Engr. Simi Wabote, NCDMB Executive Secretary, for his part, said that NNPC’s presence at the signing ceremony was an indication of the corporation’s commitment to ensuring that the Train 7 project gets to Final Investment Destination (FID) this year as projected.
The NLNG train 7 in an eight million metric tonnes per annum project.