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Buhari inaugurates $10 billion NLNG train 7 contsruction, warns against delay

Rate Captain by Rate Captain
June 16, 2021
in Business
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President Muhammadu Buhari, on Tuesday, flagged off the construction of the $10 billion Nigeria Liquefied Natural Gas (NLNG) train 7 project, asking for timely completion of the project.

Buhari, who performed the inauguration virtually from the Presidential Villa Abuja, said the early completion of the project located in Bonny Island, Rivers State, would see to the commencement of Train 8.

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The President, while speaking during the groundbreaking ceremony, urged the Board of Directors, Management and Staff of NLNG, the host communities, the Rivers State Government, and other agencies of the Federal Government to continue to collaborate and ensure that the completion and eventual commissioning of the Train 7 project would be safe and on time.

Buhari said, ”As we flag off the Train 7 project today, I look forward to the development and execution of more gas projects by the International Oil Companies (IOCs) and indigenous operators, and more Trains from NLNG to harness the over 600 trillion cubic feet of proven gas reserves we are endowed with.

”Let me use this opportunity to commend the shareholders of NLNG, the Federal Ministry of Petroleum, NNPC and the NCDMB and other stakeholders for very exemplary collaboration which has culminated in this great opportunity for Train 7.

“I want to thank the foreign investors for the confidence reposed in Nigeria, and assure all Nigerians and potential investors in the Oil and Gas sector that the Federal Government will continue to create the enabling environment in order to develop the sector and bring the full benefits of Gas closer to our people.’’

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