dmg eventslogo #PNCNigeria 29 Nov – 2 Dec 2021
The 10th Practical Nigerian Content Forum (PNC)
Contact UsSponsorGovernment SupportRegister for Newsletter
  • Home
  • Forum
    • Speakers
    • Networking Opportunities
    • 2019 Gallery
    • Venue, Visa & Accommodation
  • Sponsorship
    • Sponsorship Opportunities
    • 2021 Sponsors
  • Media Centre
    • Media Partners
    • PNC News Centre
    • Testimonials
    • Sign Up for the PNC Newsletter
  • About
    • CWC in Nigeria
    • CWC Group
    • Government Support – NCDMB
    • Corporate Social Responsibility
    • PNC Through the Years
    • Meet The PNC Team
    • Contact Us

FID on NLNG’s Train-7 project expected soon

Posted on 8 September 2019

Written by: Femi Asu

Source: PUNCH

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has directed all agencies in the ministry to work towards ensuring that the final investment decision for the Train-7 project of the Nigeria LNG Limited is taken in a matter of weeks.

The Nigerian Content Development and Monitoring Board disclosed this in a statement while announcing the submission of the Nigerian content compliance requirements for the project by the NLNG.

The Executive Secretary, NCDMB, Mr Simbi Wabote, said that the minister was very keen on Train-7 project as it would create jobs, enhance participation of Nigerian businesses in the oil and gas sector and address insecurity in the region.

“Thus, the minister of state has directed that any encumbrance related to the FID of Train-7 must be addressed by all agencies of the ministry so that FID is taken in a matter of weeks,” the statement said.

Wabote promised that the board would complete the review of the submitted Nigerian content requirements and revert to the NLNG within a few days.

The Train-7 project is expected to ramp up NLNG’s production capacity by 35 per cent from 22 million tonnes per annum to 30 MTPA.

According to the statement, a team from the NLNG led by the Managing Director, Mr Tony Attah, met with Wabote last week to formally submit the outcome of its recently concluded commercial evaluation exercise of the multibillion-dollar Train-7 project.

It said, “This submission represents the penultimate step of the board’s project certification and authorisation procedure in compliance with the Nigerian Oil and Gas Industry Content Act of 2010.”

Attah commended the board’s support at every stage of the process following the sign-off of the Train-7 Nigerian Content Plan in March 2019.

He said although the previous LNG trains were built before the enactment of the NOGICD Act 2010, the NLNG made it a point of duty to fully comply with the requirements of the Act for the Train-7 project.

Copyright PUNCH.

 

Sign Up for our Newsletter

dmg events Global Energy Portfolio


ABOUT US | CAREERS | PRIVACY POLICY | CONTACT US

dmg events is an international exhibition and conference organiser, publisher and information provider to the Energy, Construction, Plastics, Coatings, Manufacturing, Transport, Design and Hospitality industries.
This website uses cookies that are strictly necessary for the functionality of the website and assist in improving the quality of the website. You can accept or reject cookies used to improve the quality of this website by clicking on ACCEPT or REJECT. More information on the cookies placed by this website can be found here.
ACCEPT REJECT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non Necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Save & Accept