The Federal Government, yesterday, said the engineering, procurement and construction of the planned $4.3 billion Nigeria Liquefied Natural Gas Limited (NLNG) Train 7 plant will be done in-country by mostly Nigerian companies.
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, said this at a public workshop on the Nigerian content aspect of the NLNG Train 7 in Abuja.
Wabote, who indicated that fabrication of pressure vessels, pipes, flare stack and other opportunities related to the Train 7 project would be domiciled in Nigeria, saying that the era of building such projects in modules abroad to be shipped and coupled in Nigeria, was over.
“I know how we insist on some of these local content requirements (from the international oil companies (IOCs). If you leave them alone, they will build this Train 7 in modules and then ship them from England or Netherlands and then take them straight to Bonny and couple them. That is not going to happen. We are going to build the Train 7 in-country because we have the capacity,” Wabote said.
The NLNG, one of Nigeria’s most successful corporate organisations, is a private limited liability company owned by the Federal Government, represented by the Nigerian National Petroleum Corporation (NNPC) with 49 per cent stake; Shell (25.6 per cent); Total (15 per cent) and Eni (10.4 per cent).
The company recently announced it was shopping for $7bn to expand its operations. The expansion project will see to the construction of an extra gas processing train called Train 7 and investment in upstream gas that will ensure sustainable feed gas supply to its existing Trains 1 to 6. The target Final Investment Decision (FID) date is fourth quarter 2018.
The Managing Director of NLNG, Tony Attah, said the company’s planned Train 7 Project, which will increase production output of its plant by 35 per cent from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA, will lift Foreign Direct Investment (FDI) in the country.