NLNG
Business

Kyari Urges NLNG Management to look beyond Train-7 FID

298

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the Management of the Nigerian Liquefied Natural Gas (NLNG) to set their gaze beyond the execution of the much awaited Final Investment Decision on Train-7 billed for October, 2019.

The NNPC GMD assured of the unflinching commitment of the Federal Government and the NNPC Management in the future expansion drive of NLNG, saying all obstacles that could impede the actualization of the Train-7 FID project should be promptly identified and removed ahead of the October 2019 timeline.

Welcoming the top-level NLNG Management team, led by its Managing Director, Engr. Tony Attah, to the NNPC Towers on Tuesday, Kyari charged the company to consider the October Train-7 FID on the project as a done deal, noting that the focus should be on “what else can we do beyond Train7 to expand NLNG operations’’.

The 8Million-Tones Per Annum (MTPA) Train -7 project is designed to expand the company’s production capacity from 22- 30MTPA.

Engr. Attah, in his presentation, applauded the historic role of the NNPC in the successful midwife of NLNG, 30 years ago, through sheer vision and sense of purpose.

The NLNG MD said the company would be relying on the usual invaluable support from the corporation to achieve the successful execution of the Train-7 FID project and lots more.

He announced that the project would generate a projected 12,000 jobs with massive spine-offs on the nation’s economy.

Leave a comment

Related Articles

Nigeria’s inflation rate rises to 34.80% in December 2024 up from 33.60%

Nigeria’s inflation rate rose to 34.80 percent in December 2024, up from...

Transactions with GHL: FirstBank dispels misleading reports, reaffirms commitment to excellent, standard banking services

First Bank of Nigeria Limited (FirstBank) has distanced itself from a recent...

Nigeria’s Economy Soars as Customs Records N196.94trn Trade Value in 2024

The Nigeria Customs Service (NCS) has achieved a remarkable milestone, recording a...

CBN Slams N1.35bln Fine on Nine Banks for Cash Scarcity

The Central Bank of Nigeria (CBN) has imposed a total fine of...

Tinubu Calls for Boost in Regional Trade to Drive African Growth

President Bola Tinubu has emphasized the importance of Africa focusing on internal...

Nigerian Treasury Bills Auction Shatters Records with 283.42% oversubscription

The Central Bank of Nigeria (CBN) has announced a staggering 283.42 percent...

Naira hits new low, slumps to N1,665/$1 in parallel market despite official market gains

The Nigerian Naira on Monday depreciated to N1,665 per dollar in the...

U.S. dollar strength drives oil prices down amid market pressure

By Samuel Akpan with agency report Global oil prices took a step...

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

CBN Sets Daily POS Transaction Cap at N100,000 for Agents

The Central Bank of Nigeria (CBN) has introduced a new policy aimed...

FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy

December is a joyous season in Nigeria, a time when individuals take...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8%...

Illicit mint naira sale: CBN slaps N150m fine on erring banks

The Central Bank of Nigeria (CBN) has introduced a strict measure to...

FG Sets December 16 for N120 Billion Bond Sale

The Federal Government, through the Debt Management Office (DMO), has announced plans...

Naira plummets to N1,780 per dollar, reversing recent gains

The Nigerian Naira experienced a sharp value decline on Wednesday, falling from...

Naira Posts Strong Gains Against Euro Amid Forex Market Reforms, European Political Uncertainty

The Nigerian naira has made significant gains against the European currency at...

Netflix debunks exit rumour, reaffirms commitment to Nigeria

Streaming platform Netflix has dismissed rumours suggesting it plans to withdraw from...

Nigeria’s private sector records first job decline in months amid inflationary pressures

Nigeria’s private sector experienced its first decline in employment in seven months,...

Foreign Holdings in Nigeria Drop Amid Naira Crisis, Corporate Cos’ Exits

Nigeria has experienced a sharp decline in foreign direct investment (FDI) inward...

FG begins N50 electronic levy deductions on Opay, Moniepoint, Kuda transactions

The Federal Government has commenced the deduction of a N50 electronic levy...