13th May, 2020: The Nigeria LNG Limited (NLNG) signed the engineering, procurement and construction (EPC) contracts for the Train 7 project.
This contract was signed with the SDC JV consortium, led by Saipem, alongside Chiyoda and Daewoo. The signing of the contract marks the commencement of the detailed design and construction phase of the project.
The train 7 project is expected to deliver 8 million tonnes of LNG per annum, raising the annual NLNG production capacity to 30 million tonnes LNG per annum. That’s a 35% increase from current capacity and will ensure Nigeria remains the 5th largest LNG exporter globally.
NLNG currently produces 22 million tonnes of LNG and 5 million tonnes of NGLs per year.
The GMD of NNPC, Mele Kyari, stated that the executed project will provide $20 billion in net revenue for Nigeria.
The $4 billion facility in Bonny Island will contain:
The project, worth over $4 billion, experienced delays since the global economic meltdown. The commencement of this phase reassures investors that Nigeria is still a viable investment destination.
The NLNG is a joint-venture between the NNPC, Shell, Total and Eni.
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