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HomeBusinessNLNG’s $4.3 bln Train-7 project reaches 67% completion, employs over 9,000 Nigerians

NLNG’s $4.3 bln Train-7 project reaches 67% completion, employs over 9,000 Nigerians

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The Nigeria Liquefied Natural Gas Limited (NLNG) has announced that its $4.3 billion Train-7 project has reached 67 percent completion, a significant milestone in its aim to expand production capacity to 30 million metric tons per annum (mtpa) from the current 22 mtpa.

The project, which has employed over 9,000 Nigerians, has also achieved over 45 million man-hours without any Lost Time Injury (LTI).

In a statement signed by NLNG’s General Manager of External Relations and Sustainable Development, Andy Odeh, the company stated the economic benefits and job creation resulting from the project.

“The project is already delivering on one of its benefits with over 9,000 Nigerians working on Bonny Island, and numerous indirect jobs and businesses emerging and booming as a result of the construction,” the statement read.

The Train-7 project, located at Bonny Island in Rivers State, is managed by a consortium of three international Engineering, Procurement, and Construction (EPC) firms: Saipem, Chiyoda, and Daewoo, collectively known as the SCD consortium, led by Saipem.

During a session with the Senate and House of Representatives Joint Committee on Gas, NLNG officials provided updates and clarifications on the project’s progress.

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They confirmed the project’s significant advancement and emphasized its importance in monetizing Nigeria’s vast gas resources, estimated at over 200 Trillion Cubic Feet (tcf) of proven reserves.

NLNG reiterated its commitment to supporting Nigeria’s economic diversification and revenue generation efforts during the energy transition.

“The Train-7 project is a strategic initiative that will support the diversification of the country’s revenue sources and aid in achieving a net-zero future,” the company stated.

The project is aligned with the federal government’s “Decade of Gas” initiative, which aims to enhance gas monetization and utilization in Nigeria. NLNG stressed the project’s significance in securing Nigeria’s future amid the global push towards a net-zero carbon economy.

Expressing respect for the National Assembly, NLNG committed to ongoing collaboration with the legislature to transform Nigeria’s energy landscape.

The company called on all stakeholders, including the federal government and Nigerians, to support the creation of an enabling environment for the project’s successful completion and to attract more transformational projects to the country.

The joint National Assembly panel has urged NLNG to ensure the Train-7 project is completed on schedule, underscoring its critical role in the nation’s energy and economic future.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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