Page 9 - GLNG Week 25 2021
P. 9
GLNG AFRICA GLNG
NLNG launches work on Train 7
PROJECTS & NIGERIA LNG (NLNG) has formally begun was in line with his government’s efforts to pro-
COMPANIES work on the Train 7 project, which is slated to mote the production and domestic consump-
expand the consortium’s total production capac- tion of natural and associated gas. “Through
ity to 30mn tonnes per year (tpy). [the] ‘Decade of Gas’ initiative which I recently
The group marked the start of construction at launched, we will transform Nigeria into a natu-
a ceremony last week. The event was attended by ral gas and industrial nation, with gas playing the
Tony Attah, NLNG’s managing director, as well key role and revenue earner,” he declared.
as Nigerian President Muhammadu Buhari. Additionally, Buhari noted that NLNG has
Attah said at the event that the project would racked up $114bn in earnings since its launch
cost about $10bn and directly create 12,000 new in 1999. The consortium had also paid $9bn in
jobs. He also stated that the Train 7 initiative taxes and $18bn in dividends to the Nigerian
would help Nigerian companies develop the government over the same period, he added.
capacity to provide more support for the oil and Nigeria’s federal government is represented
gas sector. This is because 100% of the fabrica- in NLNG by state-owned Nigerian National
tion, construction work and major procurement Petroleum Corp. (NNPC), which has a stake of
will be carried out within Nigeria, he explained. 49%. The remaining equity in the group is split
Buhari, who attended the ceremony via between Royal Dutch Shell (UK/Netherlands),
video link, also stressed the potential benefits with 25.6%; TotalEnergies (France), with 15%,
for Nigerian businesses. The project will help and Eni (Italy), with 10.4%.
demonstrate that local companies are capable of The partners operate a gas liquefaction plant
carrying out large-scale initiatives in a safe, prof- on Bonny Island. At present, the facility has six
itable and responsible manner, he said. production trains capable of turning out a total
“As we flag off the Train 7 project today, I look of 22.5 mn tpy. However, capacity is set to rise to
forward to the development and execution of 30mn tpy as a result of the Train 7 project, which
more gas projects by the IOCs and indigenous envisions the construction of a seventh produc-
operators, and more trains from Nigeria LNG,” tion train that will be able to produce 4.2mn tpy,
he commented. as well as the debottlenecking of existing trains to
Buhari also stressed that NLNG’s expansion add another 3.4mn tpy of capacity.
Week 25 25•June•2021 www. NEWSBASE .com P9
