LNGNigeria breaks ground on the $10 Billion NLNG Train 7 project

June 15, 2021by megathos0
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Finally the $10 Billion NLNG Train7 takes off!

African LNG is fast gathering steam, the golden age of natural gas has just begun in Africa.

President Muhammadu Buhari on Tuesday, flagged off the construction of the Nigeria Liquefied Natural Gas Train7 project located in Bonny, Rivers State.

Buhari congratulated the NLNG and its shareholders for proving that a Nigerian company can operate a world-class business in safety, profitability and responsibility.

ICYMI

How can I play in the $10 Billion NLNG Train 7 project, if Saipem and others have taken the lead?

The golden age of natural gas is picking up speed in Africa.

Ghana has an LNG import terminal at Tema and Ghana is expected to receive its first LNG cargo, Ghana is on track to becoming Africa’s first LNG importer! The project consists of separate regasification and storage vessels, has the capacity to import 1.7 MTPA of LNG

Phase 1 of the floating LNG project in Senegal and Mauritania  is on track for start up in 2023, with phase 2 expected to come online in 2025

Mozambique #LNG Total has declared force majure, due to the adverse security conditions that we are hopeful will be resolved soon.

Nigeria has plans for a floating LNG plant, expected to come on stream by 2025.

Floating LNG

Shell set the ball rolling with Floating LNG, however the Prelude paradigm proves that beyond a certain size Floating LNG may not be profitable. Floating LNG helps you save the cost of land acquisition, cutting down capex and opex and reduces your go to market time.

Nigeria has issued a license for its first floating LNG plant, while the $10 billion NLNG Train7 project is moving ahead with today’s ground breaking ceremony, Saipem, Daewoo and Chiyoda are taking the lead on the 5 year EPC stage.

Megathos Law Practice will be answering a series of #FAQs that we receive from companies and business men, that we receive via the contact form of www.megathoslaw.com

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