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Massive $5bn Train-7 NLNG Project Employing Over 8,000 Nigerians Nears Completion

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The Nigerian Liquified Natural Gas (NLNG) revealed on Monday, November 6, 2023, that the ongoing construction of the $5 billion Train-7 project at Finima, Bonny Island in Rivers State is 52% completed and currently employs 8,300 Nigerians.

The NLNG management, led by its Managing Director, Philip Mshelbila, revealed this at an engagement session with the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, at NLNG base in Bonny Island.

Experts call for more investments in Nigeria’s oil industry

The engagement follows calls by Austin Avuru, the Executive Chairman of AA Holdings Limited, for measures to retool the Nigerian petroleum sector.
ThisDay reported that Avuru stressed that Nigeria’s oil production requires a $7.6 billion investment to ramp up oil production to 2.1 million barrels per day in the next two years. The NCDMB statement said that the high-level engagement was part of the Nigerian content stakeholders’ retreat, which allowed the industry leaders to sign an agreement on the oil and gas e-marketplace. NLNG to rollout e-marketplace
The agreement would see the rollout of tender options from NLNG on the e-market electronic platform, implementing a critical provision of the Nigerian Oil and Gas Industry Content Development Act.
The e-marketplace is a virtual platform for buyers and sellers of goods and services in the oil and gas industry, allowing for rapid and transparent transactions.

Mshelbila said that the relationship between NLNG and NCDMB has been nurtured over the years, with both parties trying to fulfill statutory obligations. According to him, the NLNG board has approved the firm to purchase gas from international and indigenous gas producers in Nigeria to boost the performance of Trains 1-6.

The NLNG boss expressed worry that the deep-water gas projects that would provide feed gas for the Train-7 and other expansions had yet to be started by international oil firms despite the considerable progress of the Train-7 project.

Wabote applauded the e-marketplace as a game-changer that would boost the service level agreement, guiding the relationship between NCDMB and NLNG.