NLNG: NNPC others sign Train 7 deal - President praises step

Obadayo Abiodun |

President Muhammadu Buhari on Wednesday congratulated the board, management, members of staff and shareholders of the NLNG on the signing of the contracts for the Front End Engineering Design of the Train 7 of the NLNG project.

In a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President also congratulated the NNPC and other Joint Venture partners, Shell, Total and Agip (Eni), on the development.

The President welcomed the signing of a Memorandum of Understanding between the NLNG, B7 JV Consortium and the SCD JV Consortium on Wednesday in London.

Shehu explained that the agreement paved the way for the additional Train 7 that would increase the country’s gas production output from 22 million tonnes per annum to 30 metric million tonnes per annum.

“President Buhari also welcomes the commitment of all parties in supporting his administration to launch the gas revolution in Nigeria by ensuring the realisation of Train 7, which has been stalled for many years under previous administrations.

“He is optimistic that this significant step would culminate in a Final Investment Decision for the much-awaited multi-billion dollar Train 7 expansion programme by the end of this year.

“The President notes that the signing of the contract for the plant expansion is coming back to Nigeria following the good governance practices instituted project after an eight-year delay is a sign of irreversible commitment by the Joint Venture to enter a Final Investment Decision, and a clear indication that the confidence of investors by his administration.”

The Nigerian National Petroleum Corporation, Shell, Total and Eni have signed the front-end engineering design contract of the Train 7 of the Nigeria Liquefied Natural Gas Limited in London on Wednesday and the event also witnessed the commemoration of the repayment of $5.45bn loan for Trains 1 to 6 by the NLNG shareholders.