NLNG’s $4b Project Rekindles Hope
NLNG’s $4b Project Rekindles Hope – Nigerian companies have been assured of involvement in the $4 billion Bonny Nigeria Liquify Natural Gas (NLNG) Train 7 project, which is currently rekindling hope in the industry.
NLNG’s Managing Director and Chief Executive Officer, Tony Attah, at a workshop yesterday in Port Harcourt disclosed that final investment decision was to be taken soon on the project.
He pledged that competent indigenous companies would be engaged to complete the multi-billion dollar investment expected to increase the company’s production capacity by 35 per cent from 22 million tonnes to 30 million tones yearly.
“I will like to invite Nigerian companies to please participate in Train 7, which is the purpose of this workshop. It is consistent with our partnership with the Nigerian Content Development Monitoring Board (NCDMB).
It also opens up the opportunities for local companies to play, starting with understanding the scope of the project.
In addition, it creates an opportunity to meet the two consortia we are currently working with, B7 JV and SCD JV. They are the key players tasked with the Front End Engineering Design (FEED),” said Attah.
NCDMB’s Executive Secretary, Simbi Wabote, said the local content policy now enables the country to reap the inherent benefits associated with the oil industry unlike in the past when government solely depended on royalties.