Nigeria will become the third largest exporter of gas

Nigeria will become the third largest exporter of gas

The General Manager Production, Mr Tayo Ogini, said The Nigeria Liquefied Natural Gas Ltd., is planning to reach a final Investment Decision on its Train-7 project by December which will make Nigeria the 3rd World largest gas exporter.

A presentation was made by the General Manager Production, according to the presentation, Nigeria is presently the fourth exporter of gas in the world.

The first train was built in 1989 but by 2007 till date, plans to build Trains 7 and 8 were shelved.

The six trains have a combined capacity to produce 22 metric tonnes per annum (mtpa) of Liquefied Natural Gas (LNG).

However, plans to invest seven billion dollars on the Train-7 project would expand its production capacity to 30 mtpa making Nigeria the 3rd largest exporter of gas in the World after Qatar and Australia.

Responding, Kachikwu commended the NLNG management for its efficiency, saying the company was a testament to the fact that things could be properly done in Nigeria.

He recalled that during the cash crunch of 2016, NLNG saved the day and helped to avert a shutdown of the nation’s economy.




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