The shareholders of the Nigeria LNG Limited (NLNG) has finally taken the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35 per cent and its competitiveness in the global LNG market. According to a statement by its spokesman, Mrs Eyono Fatayi-Williams on Friday, The actualisation of the Train 7 Project comes as NLNG celebrates 30 years of its incorporation and 20 years of safe and reliable operations since exporting its first LNG cargo in 1999. NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. The Project will also support the development of local engineering and fabrication capacity in the country. The construction period after FID will last approximately five years with first LNG rundown expected in 2024.

Source: Nigerian Tribune December 27, 2019 13:41 UTC