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Sunday, July 15, 2018
Nigeria LNG is taking its first steps to expand its LNG processing capacity by about one-third with the signing of an agreement with three oil majors. The companies signed engineering and design contracts for a seventh train at NLNG.
Among the contractors participating are Saipem, TechnipFMC and Chiyoda Corp. The FID could be taken late this year.
Nigeria’s latest plan would boost production to 30 million tons by 2024 from 22 million tons now. Total, a Nigeria LNG shareholder, last week said the plant expansion is “very important” as the market is “booming again.”
“Our vision is to be a global player that helps to build a better Nigeria,” Tony Attah, Nigeria LNG’s chief executive officer, said in London. “We are looking forward to the growth. When I am talking about growth I am talking about Train 7. We have the support we need, we have the support from the shareholders, from the government, from the board of directors.”
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