The Train 7 project of the Nigerian Liquified Natural Gas (NLNG) is set to increase gas production by 35 per cent and create a minimum of 42,000 jobs.
With a five-year completion timeline, the project will cost $10 billion.
NLNG Managing Director, Tony Attah, who disclosed this at the ceremony in Bonny, Rivers State, said the company has reduced gas flaring from 65 per cent to 12 per cent, to be further reduced when the project is completed.
According to him, the Train 7 project will increase NLNG’s overall capacity to 30 million tonnes per annum (mtpa) from the current 22 million.
‘‘Nigeria has ridden on the back of oil for over 50 years, but with this Train 7 project, Nigeria is now set and I believe it is now time to fly on the wings of gas,” he said.
President Muhammadu Buhari in his address emphasised that speedy and safe delivery of Train 7 would encourage the timely take-off of the Train 8 project.
He said: “As we flag off the Train 7 project, I look forward to the development and execution of more gas projects by the International Oil Companies (IOCs) and indigenous operators, and more Trains from Nigeria LNG to harness the over 600 trillion cubic feet of proven gas reserves we are endowed with.
‘’This is proof that Nigeria has a great capacity to deliver value to the world by harnessing our natural resources.’’
The President, who connected virtually, commended the NLNG and its shareholders – NNPC, Shell, Total and Eni for proving that a Nigerian company can operate a world-class business safely, profitably and responsibly.
