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Nigeria upbeat on gas production expansion as Buhari flag off NLNG train 7 project

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President Muhammadu Buhari on Tuesday said the focus of his administration was to boost the development of the country’s abundant gas resources.

President Buhari spoke while flagging off the construction of the Nigeria Liquefied Natural Gas (NLNG) train 7 project located in Bonny, Rivers State.

He said his government is also working to strengthen the gas value chain, develop the most needed infrastructure and enhance safe operations in the sector as outlined in the national gas policy of 2017.

“Through a decade of gas initiative which I recently launched, we will transform Nigeria into a natural gas and Industrial nation with gas playing the key role and revenue earner,” he said.

Buhari congratulated the NLNG and its shareholders for proving that a Nigerian company can operate a world-class business in safety, profitability and responsibility.

READ ALSO: Nigeria’s naira weakens to N503 against dollar on parallel market

The Nigeria LNG awarded the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project to SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo on May 13, 2020.

The project is expected to increase the capacity of NLNG’s current six-Train plant by 35 percent from the extant 22 Million Tonnes Per Annum (mtpa) to 30mtpa.

The project upon completion, the company noted, would support the Federal Government’s drive to generate more revenue from Nigeria’s proven gas reserves of about 200 Trillion Cubic Feet (Tcf) and further reduce gas flaring in the country’s upstream oil and gas industry.

The construction period is expected to last approximately five years with first LNG rundown expected in 2025.

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