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Tuesday, March 7, 2017
Delays in launching Nigeria’s seventh LNG train at NLNG are costing billions, according to Tony Attah, MD of NLNG. Speaking at NOG2017 taking place in Abuja, Attah said the failure of Train 7 to takeoff has cost around $25 billion in foreign investment.
One of the reasons for the lag in getting Train 7 up and running is industry legislation delays. According to Attah there is a need to focus on the NLNG model and get moving on the Natural Gas Policy, implement fiscal reforms in JVs, PSCs, and service contracts as well as adequate institutional reforms while ensuring that the Petroleum Industry Bill (PIB) is passed into law without delay.
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