‘Femi AsuShareholders of the Nigeria LNG Limited have taken the long-awaited final investment decision on the company’s Train 7 project. The NNPC Group Managing Director, Mr. Mele Kyari, was quoted as saying, “We have decided to proceed with Train 7 project today. The PUNCH had reported on Monday that the Federal Government and other shareholders of the NLNG had failed to take FID on the Train 7 project last week. On December 13, the corporation announced the signing of a Gas Supply Agreement between it and major gas producers for the Train 7 project — a condition precedent for the NLNG to take the FID. Kyari said that, with the agreement in place, all was set for the take-off of the project, adding that the FID on the project would be taken the following week (last week).

Source: Punch December 27, 2019 11:37 UTC