Nigeria to become 3rd world biggest gas-exporting nation – NLNG boss

– Tayo Ogini, the general manager of Nigeria Liquefied Natural Gas (NLNG), has said that Nigeria is presently the fourth biggest exporter of gas globally – Ogini said with upon the NLNG’s conclusion of building more plants, Nigeria will become the third largest gas exporter – He said that this will be possible if the federal government invests $7 billion on its project to expand its production capacity The Nigeria Liquefied Natural Gas (NLNG) Ltd, has said its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by the end of 2018, will earn Nigeria a place as the third world largest exporter of gas. Tayo Ogini, the general manager of the NLNG made this announcement on Sunday, August 5, in his speech that centred on the facility located at Bonny Island. The presentation was to acquaint Ibe Kachikwu, the minister of state for petroleum resources, who was at the plant to ascertain the progress made on the project so far, The Nation reports. Ogini said that currently, Nigeria is the fourth exporter of gas globally. The NLNG has six operational gas plants. The first train was built in 1989 but by 2007 till date, plans to build Trains 7 and 8 were shelved. The six trains have a combined capacity to produce 22 metric tonnes per annum of Liquefied Natural Gas (LNG). However, plans to invest seven billion dollars on the Train-7 project would expand its production capacity to 30 mtpa making Nigeria the 3rd largest exporter of gas in the World after Qatar and Australia. Ogini said the gas produced in Nigeria met global standard, adding that the NLNG had built a reputation of reliability in its gas supplies internationally. He said that the hub of crude oil exporters on the island such as Shell SPDC, ExxonMobil and the NLNG can almost effortlessly produce two million barrels of oil per day. He further said that Nigeria had 23 NLNG carriers which had sailed more[…]

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