Train 7 gas project at 67% completion — NLNG

Nigeria LNG Limited says the Train 7 gas project on Bonny Island, Rivers State, has reached 67 percent completion.

This was as the NLNG reaffirmed its commitment to delivering economic benefits through the completion of the project.

In a statement, the company’s General Manager, External Relations and Sustainable Development, Andy Odeh, disclosed that the project was already delivering on one of its benefits with over 9,000 Nigerians working in the project on Bonny Island, and numerous indirect jobs and businesses emerging as a result of the construction.

According to Udeh, officials of the NLNG who spoke at a reconvened session of the Senate and House of Representatives’ Joint Committee on Gas, provided necessary information and clarifications to address issues raised by the committee.

“NLNG confirmed that the project, with a total contract sum of $4.3bn, has reached an overall progress of 67 percent completion, achieving a significant construction milestone of over 45 million man-hours without any Lost Time Injury. The company noted that the project was already delivering on one of its benefits with over 9,000 Nigerians working in the project on Bonny Island, and numerous indirect jobs and businesses emerging and booming as a result of the construction,” the statement read partly.

The statement emphasised that the Train 7 project is a strategic initiative that will support the diversification of the country’s revenue sources and revenue generation during the energy transition, aiding the country in achieving a net-zero future.

It also noted that the project remained crucial for monetising Nigeria’s vast gas resources, estimated at over 200 trillion cubic feet of proven reserves, saying it was an inspiration to other gas development initiatives aimed at enhancing gas monetisation and utilisation in the country.

“The company equally stressed the significance of the project to the Federal Government’s Decade of Gas initiative. It emphasised that the project is aligned with Nigeria’s gas development aspirations, as the outlined initiative is both timely and essential to secure the nation’s future, particularly as the global movement towards a net-zero future accelerates.

“NLNG expressed its respect for the National Assembly and committed to collaborate with the legislature to transform Nigeria’s energy landscape. It called on all stakeholders including the Federal Government and all well-meaning Nigerians to support the preservation of an enabling environment for its successful completion and the attraction of more transformational projects to Nigeria,” Odeh’s statement read.

The Train 7 project is expected to increase NLNG’s production capacity by 35 per cent from the current 22 million tonnes per annum to 30mtpa.

On December 27, 2019, NLNG’s shareholders made the final investment decision for the project and on May 13, 2020, awarded the engineering, procurement, and construction contracts for the project to SCD JV Consortium, comprising affiliates of Saipem, Chiyoda, and Daewoo.

On June 15, 2021, former President Muhammadu Buhari virtually flagged off the construction of the project during the groundbreaking ceremony at the company’s plant site on Bonny Island, Rivers.

“Over $10bn is expected to be invested in Train 7 and the upstream scope of the LNG value chain which will open up new development opportunities in the industry and boost Nigeria’s Foreign Direct Investment profile as well as the confidence of foreign investors,” the NLNG said.

NewsDirect
NewsDirect
Articles: 41080