Okechukwu Nnodim, AbujaThe Nigerian National Petroleum Corporation and its joint venture partners in the Nigeria Liquefied Natural Gas Limited on Friday took the Final Investment Decision on the commencement of the $10bn NLNG Train-7 project. Shareholders of the company took the FID on the Train-7 project in Abuja after about 12 years of delay due to negotiations and other concerns. The gas firm noted that the actualisation of the Train-7 project came as the NLNG celebrated 30 years of its incorporation and 20 years of safe operations since exporting its first LNG cargo in 1999. The Group Managing Director, NNPC, Mele Kyari, said the Train-7 project would complement the existing six trains and raise Nigeria’s total LNG production capacity considerably. In March, the Federal Government and shareholders signed the Nigerian Content Plan worth $1bn to facilitate the actualisation of the project.

Source: Punch December 27, 2019 23:26 UTC