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NLNG Takes Final Decision To Achieve Train 7 Project

Oil & Gas	1252 VIEWS
Oil & Gas
1252 VIEWS

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Friday, December 28, 2019 / 5:00 PM / Ottoabasi Abasiekong for WebTV / Header Image Credit: NNPC

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mr. Mele Kolo-Kyari, today participated at the Final Investment Decision of Board Members for the Nigeria Liquefied Natural Gas Company Train 7 Project in Abuja.

Mr. Kyari, at the event, said the decision to proceed with the project was a strategic step that would have a significant impact 0n the Nigerian Oil & Gas sector and economy.

According to Kyari, it was an important day for Nigeria and a show of confidence in the nation's oil and gas sector. "This is a gateway to more investment in Nigeria. We will take steps to get to Train 12. There is an opportunity to do this. NLNG is one of the most successful ventures in Nigeria,"-Mele Kolo Kyari said.

The GMD of NNPC was happy that with the NLNG Train 7 project onboard, there would be 10,000 new jobs created.

NLNG Train 7 has the following as shareholders; NNPC, Shell, Total and Eni oil & gas companies.

In his remarks, the MD of NLNG, Mr. Tony Attah, commended President Muhammadu Buhari for the support and believed it would encourage the agenda of going up to the Train 12 project.

Mr. Attah said NLNG has brought huge value to Nigeria through taxes and dividends and was optimistic that with Train 7, that value would grow.

Speaking further, the MD of NLNG was confident that with Train 7, there would be a further reduction in gas flaring in the country.

The Chairman Board of Directors, NLNG Dr. Osobonye LongJohn in his remarks, said: "We shall build more trains and increase Nigeria's LNG capacity to match our peers around the globe."