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Nigeria To Become Third World Largest Exporter Of Gas by BuhariCarryGo: 12:38am On Aug 06, 2018
The Nigeria Liquefied Natural Gas (NLNG) Ltd, says its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will make Nigeria the third World largest gas exporter.

The NLNG General Manager Production, Mr Tayo Ogini, said this yesterday while making a presentation on the facility located at Bonny Island.

The presentation was to acquaint the Minister of State for Petroleum Resources, Dr Ibe Kachikwu who visited the plant to see the progress made on the project so far.

According to the presentation, Nigeria is presently the fourth exporter of gas in the world.



The NLNG has six operational trains (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 (mtpa) 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 was world-class, adding that the NLNG had built a reputation of reliability in its gas supplies around the world.

According to him, the hub of crude oil exporters on the island namely: Shell SPDC, ExxonMobil and the NLNG can easily produce two million barrels of oil per day.



Ogini said the country had 23 NLNG carriers which had sailed more than 4,000 cargoes making it the largest in Africa.

He, however, said the companies were being faced by inadequate infrastructure, adding that with the three-year Bonny-Boro road project which the company had embarked on, part of the problem would soon be addressed.

Responding, Kachikwu commended the NLNG management for its efficiency, saying the company was a testament to the fact that things could be properly done in Nigeria.

He recalled that during the cash crunch of 2016, NLNG saved the day and helped to avert a shutdown of the nation’s economy.

According to the minister of state, the Train-7 project is fantastic but Nigeria is not yet where it should be.

He challenged the NLNG to begin to think of exporting 40 mtpa over the next 30 years, as well as tackle the issue of gas pricing as most importers of domestic gas prefer to bring in shipments than to patronise the NLNG.

Kachikwu, who also inspected the facility, said Nigeria’s 2019 elections would not interfere with the company’s expansion plan.



He said that whatever happened at the polls, FID on Train-7 as well as its construction would go ahead.

On NLNG assisting Brass and Olokola LNG projects, he scored the companies 100 per cent in terms of performance.

“We have opportunities that are stranded everywhere – Brass LNG in terms of shareholding and financing; OKLNG in terms of even taking off the ground.

“I am saying as the grandfather of this business – they built six trains, looking at seven, hopefully potentially more. Let’s begin to look at minimal investments, through structures and designs and reconfiguration and expert advice.

“You can actually hand-hold some of those trains that are beginning to lag behind so that the whole founding father concept of ‘take this all over the place’ can happen.

“We are going to be reaching out to them, not from an imposition point of view but from a collaborative point of view to see what we can do and learn from what they have done well.”

Also speaking, the Executive Secretary, Nigerian Content Management Development Board (NCDMB), Mr Simbi Wabote said his agency had moved to ensure the Train-7 project would be built with consideration to Nigeria’s local content law in the industry.


http://thenationonlineng.net/nigeria-to-become-third-world-largest-exporter-of-gas/

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Re: Nigeria To Become Third World Largest Exporter Of Gas by ManirBK: 12:39am On Aug 06, 2018
Good development but It is unfortunate that Nigerians are not enjoying their God given natural resources such as oil and gas due to lack of local technology to develop and consuming same. .. Petroleum products are expensive in Nigeria because our refineries are not working due to lack of maintenance technology. ..
the cooking gas is expensive because Nigerians do not have the local technology to develop and consume same..

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Re: Nigeria To Become Third World Largest Exporter Of Gas by tomakint: 12:54am On Aug 06, 2018
Stupid set of worthless bastards despite flaring gas which leads to a monetary yearly wastage of $5 billion yet they must cook up juicy and incoherent, unsubstantiated news just to deceive their usual zombies. It shall not be well with these desperate liars playing mind games with the emotions of innocent Nigerians. To Exporting gas ko, expecting gas ni. Talking of gross uncertainties in the face of stark realities.

41 Likes 6 Shares

Re: Nigeria To Become Third World Largest Exporter Of Gas by Ndonu101: 12:59am On Aug 06, 2018
Nigeria should start planning for future without fossil fuels

solar technology and electric cars simply means this commodity will soon be worthless

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Re: Nigeria To Become Third World Largest Exporter Of Gas by LaudableXX: 1:35am On Aug 06, 2018
Ndonu101:
Nigeria should start planning for future without fossil fuels

solar technology and electric cars simply means this commodity will soon be worthless
Electric cars in a nation like Nigeria that generates less than 7,000 MW, which is thoroughly inadequate to meet the needs of most of its' population? shocked

6 Likes

Re: Nigeria To Become Third World Largest Exporter Of Gas by omowolewa: 1:40am On Aug 06, 2018
That would reduce gas flaring and wastage. But we need concentrate on domestic consumption and investments. Ibe kudus
Re: Nigeria To Become Third World Largest Exporter Of Gas by Ndonu101: 2:10am On Aug 06, 2018
LaudableXX:

Electric cars in a nation like Nigeria that generates less than 7,000 MW, which is thoroughly inadequate to meet the needs of most of its' population? shocked

go and read my post again an understand it

do you not export crude oil to the international market used to refine for diesel and pms?

if all of Europe and America switch to electric cars wont the demand for crude oil reduce?

6 Likes 1 Share

Re: Nigeria To Become Third World Largest Exporter Of Gas by ClassicMG(m): 2:17am On Aug 06, 2018
Ndonu101:


go and read my post again an understand it

do you not export crude oil to the international market used to refine for diesel and pms?

if all of Europe and America switch to electric cars wont the demand for crude oil reduce?
bro go and search for "a world without oil" on YouTube price will fluctuate but trust me oil industry still big

4 Likes

Re: Nigeria To Become Third World Largest Exporter Of Gas by lastmanstandn(m): 2:22am On Aug 06, 2018
tomakint:
Stupid set of worthless bastards despite flaring gas which leads to a monetary yearly wastage of $5 billion yet they must cook up juicy and incoherent, unsubstantiated news just to deceive their usual zombies. It shall not be well with these desperate liars playing mind games with the emotions of innocent Nigerians. To Exporting gas ko, expecting gas ni. Talking of gross uncertainties in the face of stark realities.

You’re smart. This is just another stupid attempt to gather popular sentiments and deepen people’s perceptions that someone somewhere is working. Who cares if we’re the number 1 LNG exporting country in the world? The Nigerian people that are forced to live off 5000 megawatts where there’s enough gas to power a well decentralized deregulated and transparent sector?

9 Likes 4 Shares

Re: Nigeria To Become Third World Largest Exporter Of Gas by Herdsmen: 3:39am On Aug 06, 2018
....with all broken promises and lies, garnished with all propaganda..this witches are not tired..

..observe how the start each week with propaganda ND verifiable lies.. Unleashing zombies to propagate same with aggressive sadistic energy.

Apc is real evil.
Back to daura...is a must.

God help us..for we battle not against flesh and blood...

If you know you know..

5 Likes 1 Share

Re: Nigeria To Become Third World Largest Exporter Of Gas by deepwater(f): 11:03am On Aug 06, 2018
cool
Re: Nigeria To Become Third World Largest Exporter Of Gas by Sunofgod(m): 11:04am On Aug 06, 2018
Soon to be handed to Dangote

1 Like

Re: Nigeria To Become Third World Largest Exporter Of Gas by divinehand2003(m): 11:05am On Aug 06, 2018
Nigerian is one of the largest exporter of crude oil today since 1980s, I haven't seen anything we have on ground to show for it till date. Even if we become the largest exporter of gas for the next 100 years, it will make little or no difference.

3 Likes 1 Share

Re: Nigeria To Become Third World Largest Exporter Of Gas by Jaqenhghar: 11:05am On Aug 06, 2018
If you believe this will change the living standards of Niggerians, you need a head check

1 Like 1 Share

Re: Nigeria To Become Third World Largest Exporter Of Gas by Caspian22(m): 11:06am On Aug 06, 2018
Re: Nigeria To Become Third World Largest Exporter Of Gas by emeijeh(m): 11:06am On Aug 06, 2018
"To become" you said?



It's easier said than done. Ask Mikel Obi
Re: Nigeria To Become Third World Largest Exporter Of Gas by BruncleZuma: 11:07am On Aug 06, 2018
grin grin grin grin
Re: Nigeria To Become Third World Largest Exporter Of Gas by obaataaokpaewu: 11:07am On Aug 06, 2018
What's our position in GAS FLARING?

1 Like

Re: Nigeria To Become Third World Largest Exporter Of Gas by Sijo01(f): 11:08am On Aug 06, 2018
To BECOME? alright, we are watching.
Re: Nigeria To Become Third World Largest Exporter Of Gas by horsepower101: 11:09am On Aug 06, 2018
Real nations are basing their future on Human Resources while the lazy incompetent ones are basing their future on natural resources.

That gas will be more beneficial if it’s used to provide basic electricity in Nigeria than for exports.

But of course such will never happen in this mere geographical expression.

1 Like 1 Share

Re: Nigeria To Become Third World Largest Exporter Of Gas by donbachi(m): 11:09am On Aug 06, 2018
Na today nyansh dey back
Re: Nigeria To Become Third World Largest Exporter Of Gas by ndubuisi6: 11:10am On Aug 06, 2018
how has it benefitted Nigeria
Re: Nigeria To Become Third World Largest Exporter Of Gas by DONADAMS(m): 11:11am On Aug 06, 2018
hope it'll improve the economy sha?
Re: Nigeria To Become Third World Largest Exporter Of Gas by ebereokey(m): 11:11am On Aug 06, 2018
Will it help the poor masses
Re: Nigeria To Become Third World Largest Exporter Of Gas by atobs4real(m): 11:13am On Aug 06, 2018
What does it add and minus in my life?
Re: Nigeria To Become Third World Largest Exporter Of Gas by Nobody: 11:17am On Aug 06, 2018
This is no news. They will export and pocket the money.

nothing will change.
Re: Nigeria To Become Third World Largest Exporter Of Gas by emenezer(m): 11:19am On Aug 06, 2018
It's good to be optimistic, but one should also be realistic as well... And in this case, it's not gonna happen...
Re: Nigeria To Become Third World Largest Exporter Of Gas by Hienna(m): 11:19am On Aug 06, 2018
Amazing though
Re: Nigeria To Become Third World Largest Exporter Of Gas by skallion7(m): 11:19am On Aug 06, 2018
Bunch of bittered mofoz on this thread

3 Likes 1 Share

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