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OGR July - August Edition 2020

This publication provides latest stories in Africa, COVID-19 Pandemic in Africa, and key recommendation from industry experts on how Africa can navigate through the global pandemic.

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LNG WORLD NEWS

NLNG’S Success Story: Train 7 Project On The Spotlight

Nigeria LNG Limited (NLNG) has

s i g n e d t h e E n g i n e e r i n g ,

Procurement and Construction

(EPC) Contracts for its Train 7 Project

with the SCD JV Consortium,

comprising affiliates of Saipem,

Chiyoda and Daewoo.

The execution of the EPC Contracts

now triggers the commencement of the

Detail Design and Construction phase

of the Project expected to increase the

capacity of NLNG’s current six-train

plant by 35% from the extant 22 Million

Tonnes Per Annum (MTPA) to 30

MTPA.

NLNG is an incorporated Joint-Venture

owned by four Shareholders, namely,

the Federal Government of Nigeria,

represented by Nigerian National

Petroleum Corporation (49%), Shell Gas

B.V. (25.6%), Total Gaz Electricite

Holdings France (15%), and Eni

International N.A. N.V. S.àr.l (10.4%).

Reacting to the Contracts’ signing, Engr.

Tony Attah, the Managing Director and

Chief Executive Officer of NLNG,

remarked that the EPC Contracts

represents yet another milestone in

NLNG’s journey towards achieving its

vision of being a global LNG company,

helping to build a better Nigeria.

He said: “With the award of the EPC

Contracts to our preferred bidders

(SCD JV), we are guaranteeing that our

country remains significantly on the

global list of LNG suppliers. This

singular act clearly demonstrates our

Shareholders’ determination and

resolve to sustain the economic

dividends that NLNG’s monetization of

our vast natural gas reserves offers our

great country Nigeria”

He expressed confidence in SCD JV

Consortium’s proven competence,

adding that the demonstration of an

understanding of NLNG’s business

philosophy by the Consortium will

positively influence the execution of

the Project and ensure zero harm to

people, environment and host

communities.

Also, the Group Managing Director

(NNPC) and a Director on the NLNG

Board, Mr. Mele Kyari, remarked on

NLNG’s successes and its operating

model.

He said: “Nigeria LNG’s successes since it

started operation in 1999 continue to prove

that the Company operates a unique

business model that is profitable to all its

stakeholders. NNPC and the other

Shareholders — Shell, Total and Eni — are

proud to be a part of this exceptional

Nigerian brand that stands out in the global

market.”

“It is for this reason that our President,

Muhammadu Buhari instructed through the

Honourable Minister of State for Petroleum

Resources that NNPC as a Shareholder must

do everything possible to support all the

o t h e r S h a r e h o l d e r s a n d N L N G ’ s

Management to secure the much-needed

public confidence from all critical

stakeholders, especially the critical agencies

of the Federal Government of Nigeria and

international investors, to pursue the

Company’s ambition of adding a 7th train to

its existing production capacity. I encourage

every stakeholder involved in execution of

the Train 7 Project, especially the SCD JV

Consortium, NLNG Train 7 Project Team

and the Company’s Management to leave

no stone unturned in making this project a

reality,” he added.

NLNG says the Project was in fulfilment of

its vision of “…being a Global Company,

helping to build a better Nigeria.” The

Project upon completion will support the

Federal Government’s drive to generate

more revenue from Nigeria’s proven gas

reserves of about 200 Trillion Cubic Feet

(Tcf) and further reduce gas flaring in the

country’s upstream oil and gas industry.

Evy Maffini

Glacier makes

appointment in

Norway to grow

local business

G

The construction period is expected to last

approximately five years with first LNG

rundown expected in 2025.

NLNG was incorporated as a limited liability

company on May 17, 1989, to harness Nigeria's

vast natural gas resources and produce

Liquefied Natural Gas (LNG) and Natural Gas

Liquids (NGLs) for export.

NLNG operate from four offices spread across

different locations. The company have the

liquefaction plant and the bulk of our technical

personnel in Bonny Island and Port Harcourt in

Rivers State Nigeria. Most of its corporate and

administrative staff are based in Port Harcourt

at Intels Aba Road Estate, km 16 Aba

Expressway Port Harcourt and other locations

in Port Harcourt, and its staff who engage with

the Federal government work at the Federal

Capital Territory, Abuja; both in Nigeria. While,

NLNG fourth company location is London, UK,

where its staff involved in shipping operations

and commercial gas trade negotiations operate

from.

NLNG has a wholly-owned subsidiary, Bonny

Gas Transport (BGT) Limited, that provides ship

chartering and operating services for NLNG.

Another wholly-owned subsidiary, Nigeria LNG

Ship Manning Limited (NSML) provides

personnel for all of NLNG’s Shipping Vessels.

Our LNG is delivered to an ever-expanding list

of ports in cities around the world.

25

OIL AND GAS REPUBLIC I SPECIAL EDITION

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