Nigeria Close To Becoming 3rd World Largest Exporter Of Gas
Nigeria is already Africa’s largest crude oil producer but ranks 13th in the world.
But in terms of gas, it would soon rank 3rd in gas export.
According to Nigeria Liquefied Natural Gas, NLNG Ltd., its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will make Nigeria the 3rd World largest gas exporter.
The NLNG General Manager Production, Mr Tayo Ogini, said this on Saturday while making a presentation on the facility located at Bonny Island on Saturday.
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 largest 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.
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