The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed the corporation\u2019s commitment to support any project that would encourage production and utilization of natural gas for the benefit of the nation.<\/p>\n
Disclosing this recently at the signing ceremony of the Nigeria Liquefied Natural Gas Limited (NLNG) Train 7, Nigerian Content Plan, in Abuja, Dr. Baru, who was represented at the occasion by Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed, said the signing ceremony was important as one of the major processes to bring the Train 7 project on board.<\/p>\n
The NNPC spokesman, Mr. Ndu Ughamadu disclosed this in a statement Tuesday.<\/p>\n
He noted that the project had a lot of potentials that would benefit the nation, but called on the Nigerian Content Development and Monitoring Board (NCDMB) to ensure that Train 8 and any other LNG projects in the future should be designed to accommodate more local content in the fabrication of facilities.<\/p>\n
Commenting on the corporation\u2019s interest in the signing agreement, he said that the Train 7 project was in line with NNPC\u2019s vision of prioritizing the use of natural gas to the greater benefit of Nigerians.<\/p>\n
\u201cApart from being 49 per cent shareholder in NLNG, we are more interested because it will enhance the development of gas in the country. Bringing the gas to this Train 7 would involve a robust gathering system that will connect trunk lines from offshore to the hinterland, looking beyond NLNG to domestic market, which will open up a flexible system that allows us to swing gas either way, depending on need. This implies that if NLNG is not running, the gas meant for it can be sent to the local market, and when the local market has difficulty in getting the gas consumed, same can be sent back to NLNG.<\/p>\n
Baru stated that NNPC\u2019s 49 per cent share in the NLNG meant more dividends to the corporation, even as he advised NCDB to make room for more Nigerian Content in subsequent LNG projects<\/p>\n
The GMD called on other partners in the project to obey the rules of engagement.<\/p>\n
\u201cMy fellow shareholders please let us continue to provide the necessary support that NLNG as a company requires and always remain compliant with what we are signing today\u201d.<\/p>\n
Earlier in his address, NLNG Managing Director\/CEO, Engr. Tony Attah, expressed gratitude to the management of the NNPC for its roles in seeing the project to this critical stage.<\/p>\n
Speaking in the same vein, Engr. Simi Wabote, NCDMB Executive Secretary, said that NNPC\u2019s presence at the signing ceremony was an indication of the corporation\u2019s commitment to ensuring that the Train 7 project gets to Final Investment Destination (FID) this year as projected.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has expressed the corporation\u2019s commitment to support any project that would encourage production and utilization of natural gas for the benefit of the nation. Disclosing this recently at the signing ceremony of the Nigeria Liquefied Natural Gas Limited (NLNG) Train 7, […]<\/p>\n","protected":false},"author":62,"featured_media":5744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[106,456,434,228],"class_list":["post-7190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-economy","tag-gas","tag-nnpc","tag-oil-production"],"yoast_head":"\n