The Nigeria Liquefied Natural Gas Limited has said that its motivation to build and operate multibillion naira Train 7 was heightened by the proven success it recorded recorded in the past 20 years of operation in Nigeria.
Tony Attah, its Managing Director, who disclosed this in Abuja, said the company has significantly reduced the environmental hazards arising from gas flaring.
He said in the last 20 years, Nigeria LNG has resiliently maintained top rating as a significant player and the 5th major supplier of global LNG with the export of over 4500 LNG cargoes delivered safely worldwide and still counting.
He said that the addition of Train 7 to the company’s current six-train plant will add another eight million metric tonnes of LNG to the current sustained 22mil|ion metric tonnes production capacity of our plant, adding that the development will keep Nigeria prominently on the list of the top 7 suppliers of global LNG.
“The very quick wins from Train 7 project for Nigeria is the creation of jobs for our teaming youths, netting up to 12,000 direct iobs at the construction phase as well as the associated skills acquisition through a deliberate effort at technology transfer.
“Riding on the back of a robust Nigerian Content plan endorsed by the Nigerian Content Development Monitoring Board (NCDMB), 55% of the Engineering activities for Train 7 will be carried out in-country and 55% of all procurement for execution of the project will be undertaken by Nigerian vendors. 100% of the installations and construction will happen in Nigeria and the entire project will attract huge Foreign Direct Investment to the Nigerian economy.
Other benefits include the emergence of upstream and other associated projects that will bolster our economy.
“To date, the company has converted about 191.5bcm (billion standard cubic metres) or 6.8ch (trillion cubic feet) of Associated Gas (AG) to Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs), thus reducing gas flaring by Upstream Companies from over 60% when it commenced operations to less than 20% currently.”
For a Nigerian company managed by 100% Nigerian Management team and 95% indigenous workforce, it is a daunting teat to be reputed as the first worldwide in plant reliability and the single most expansive LNG plant on the continent.
SOURCE: oglinks.news