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Saturday, August 4, 2018

Nigeria To Become 3rd Largest Exporter Of Gas


The Nigeria Liquefied Natural Gas (NLNG ) Ltd. , says its ongoing plans to reach a Final Investment Decision (FID ) on its Train - 7 project by December will make Nigeria the 3 rd World largest gas exporter. The NLNG General Manager Production, Mr Tayo Ogini , said this on Saturday while making a presentation on the facility located at Bonny Island on Saturday. The presentation was to acquaint the Minister of State for Petroleum Resources, Dr Ibe Kachikwu who visited the plant to see the progress made on the project so far . According to the presentation, Nigeria is presently the fourth exporter of gas in the world .
The NLNG has six operational trains (gas plants). 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 3 rd largest exporter of gas in the World after Qatar and Australia .

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FACEBOOK COMMENTS

Emeka Falake

good move. I hope they implement it

Endy Edeson

@Emeka; yeah, it will help regenerate more revenue for Nigeria.

Oginni Samuel Oluwaseun

Yet the gas in Nigeria is damn expensive

Endy Edeson

Maybe, by the time we become 3rd exporter, it will become less expensive
2

Oginni Samuel Oluwaseun

They said same thing about oil. They still increased it.
1

Isiaq Zakariyah

I think the man has a big plan though recession pulled him a bit behind but he's getting his feet stronger. I just hope he achieves that because the more income we generate the more developmental project they execute.
2

Onyekachi Charles

Story for the native doctors
2

Azeez Mayowa Saheed

Some people cannot see any good thing from this govt because of the hatred they have for the man called buhari. I think we need to change how we do things in this country especially when it comes to tribal and religion issues
1

Reuben Sampson

Nigerians are not feeling the impact of all these much money
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