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Monday, June 11, 2018
Nigeria’s NLNG needs $12 billion in investments if a planned expansion in capacity is to be achieved. Nigeria wants to construct two new LNG processing units but will need this investment to get it done.
NLNG currently has six LNG trains.
A decision is expected to be made this year on whether the investment to boost capacity will be taken.
NLNG’s shareholders are Royal Dutch Shell Plc, Total SA, Eni SpA and NNPC. The shareholders must weigh the benefits of expanding their profitable LNG venture against the threat of higher taxes, pipeline vandalism in the Niger Delta, and volatile gas prices.
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