The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is targeting to deliver the first Liquefied Natural Gas (LNG) consignments from its upcoming eight million tonnes per annum (mtpa) Train-7 plant between 2023 and 2024, ThisDay newspaper has reported.
It also stated it would procure between seven and eight new vessels which would be used to deliver the new LNG volumes from the new plant to destination markets. The Train-7 project would make NLNG’s combined production capacity shoot up to 30mtpa when completed, and reportedly lift Nigeria’s LNG export market share.
the firm explained the new LNG train will need about 1150 million standard cubic feet per day (mmscfd) of natural gas supplied to it as feedstock from oil fields in the Niger Delta.
These were contained in a presentation made to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on the upcoming Train-7 project, which NLNG plans to take a final investment decision (FID) on by December 2018.
Kachikwu was at the Bonny Island operational hub of the NLNG at the weekend and NLNG’s General Manager Production, Mr. Tayo Oginni, made the presentation to him and his team.
“We are taking inspiration from Qatar which at some point was a fishing base. They are currently at 77mtpa.
“Train-7 will take us from 22 million tonnes per annum to 30 million tonnes per annum. The FEED contract has just been signed. We see there is the significant amount of jobs, more than 8000 jobs coming to the island and this is at the same time the Bonny-Bodo road is being built.
“We are targeting FID for end-of-year, it is a lot of work to get there and the market we are targeting is the 2023 to 2024 market. We need to be in that market. In the old days, it was possible to sign long-term sales agreements with the market but nobody wants that anymore. You need to be very nimble, be very ready otherwise you are going to have the LNG plant sitting on your hands,” Oginni said in the presentation.