Oil & Gas

NLNG issues Train 7 EPC contract letter of Intent to SCD JV consortium

Published

on



Nigeria LNG Limited on Wednesday made a significant step toward the Final Investment Decision (FID) for its Train 7 Project.

This followed the issuance of a Letter of Intent for the Engineering, Procurement and Construction (EPC) contract of the project to SCD JV Consortium.

Mrs Eyono Fatayi-Williams, the company’s General Manager, External Relations, said in Lagos that the contract letter was issued recently in Abuja.

The Nigeria News Agency reports that SCD JV Consortium is made up of Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea.

Fatayi-Williams said the issuance was coming on the heels of the Nigeria Content (NC) plan signed with the Nigerian Content Development Monitoring Board (NCDMB).

She said this also tilted on the Sept. 3 NLNG,’s submission of the summary outcome of the commercial bids evaluation for the “Train 7 Project’’ to NCDMB in line with the project certification and authorisation procedure.

According to her, the letter of intent is one of the significant step toward the realisation of “Train 7’’ and its attendant value to NLNG’s shareholders and for the benefit of the Nigerian economy.

Fatayi-Williams said the contracting process was transparent and in full compliance with all applicable laws and good industry practices.

She said that it would continue to operate its business in an open manner consistent with its core values of integrity and excellence.

Fatayi-Williams said the “Train 7 Project’’ was expected to ramp up NLNG’s production capacity by 35 per cent from 22 million Tonnes per Annum (MTPA) to around 30 MTPA.

She said the project would form part of investment of over 10 billion dollars, including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment (FDI) profile of Nigeria.

“The project is anticipated to create about 10,000 new jobs during the construction stage, and on completion, help to further diversify the revenue portfolio of the Federal Government and increase its tax base.

She said that this was in line with its corporate vision of “Helping to build a better Nigeria”, adding that the construction period after FID will last approximately four to five years.

Fatayi-Williams said that the actualisation of the “Train 7 Project’’ comes as NLNG celebrates 30 years of its incorporation and 20 years since exporting its first LNG cargo in 1999.

NLNG is owned by four Shareholders: the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings France (15 per cent), and Eni International N.A. N. V. S.àr. l (10.4 per cent ).
ASO/GOK

Edited by Olagoke Olatoye

https://nnn.ng/nlng-issues-train-7-epc-contract-letter-of-intent-to-scd-jv-consortium/

AfDB partners with FG, Microsoft to create 9m jobs in 10 years Primate urges political leaders to shun greed, make national interest a priority Sokoto Govt. to turn Almajiri issues into opportunities-Tambuwal 2 dead, 6 injured in Ogun auto crash Nigeria at 60: Kwara Speaker sues for peace, unity Nigeria at 60: SERAP, others urge strengthening of anti-corruption institutions Monarch urges Nigerians to support fight against terrorism Reflect on untapped potential, ANLCA president tells maritime stakeholders Nigeria @60: Nigerians react to economic growth projections of President Buhari World Bank, AGF rate Sokoto high on financial prudence, transparency – Official Unhealthy rivalry hinders effective healthcare delivery in Nigeria- Foundation COVID-19: FG/IFAD-VCPD train 960 farmers on financial literacy in Niger Nigeria @ 60: Institute urges FG to expedite action on national building code bill Nigeria at 60: Lawyers, rights activists task judiciary on justice delivery  COVID-19: PTF says 27, 000 travellers have entered Nigeria through Lagos, Abuja airports Nigeria at 60: Sen. Akpan lauds Buhari’s plan to lift Nigerians out of poverty Nigeria @60: Adewale Ayuba congratulates Nigerians, canvasses peaceful co-existence Gov. Ganduje restates commitment to complete ‎roads, critical infrastructure projects  Expert urges NERC to sanction investors for breaking rules of engagement Wike restates commitment to national unity NAWOJ rates Ganduje “most gender-sensitive governor”  Auchi Polytechnic denies rumoured death of Rector Independence Anniversary: FCT remains home to all -Minister Nigeria @60: ASUU says vibrant education system, good leadership way forward Experts task Nigerians healthy lifestyle against cardiovascular diseases India congratulates Nigeria says recent exchanges signifies strengthened relations COVID-19: NIDCOM holds webinar to address travel concerns of Diasporas’ Kwara Gov’s wife partners stakeholders on TB eradication Bayelsa Govt. pledges to tackle flooding, other environmental challenges — Commissioner Nigeria @60: Gov Lalong pardons five well-behaved prisoners FCT APC urges Nigerians to support FG Independence: Nigeria marks 60 years relations with Japan, hopes for improved relations UI VC Race: Olayinka reacts to allegations of irregularities, bias Why NAFDAC introduced e-registration -DG NEMA distributes relief materials to 186 windstorm disaster victims in Osun One injured in gas truck accident in Kubwa- FRSC Gov.’s wife not involved in Deputy Gov.’s nomination — Aide Nigeria @60: We need more prayers, not fanfare — Cleric Niger governor calls for emergency measures for flood-affected states Nigeria at 60: There’s much gain in united, indivisible nation – Ondo Assembly Independence: Deputy Speaker calls for more investment in agriculture  With unity, Nigeria will be unstoppable – Ambassador Nigeria at 60 : Senior citizen urges sober reflection on nationhood as panacea for sustainable development  Nigeria @60: Activist urges youths to be united NCC lifts suspension on spectrum trading guidelines Golden Jubilee: Judicial financial autonomy key to national development – NBA Nigeria @60: We need total reflection, transformation — Vicar Ajayi Labour Party appeals to Buhari to continue fight against corruption Makinde leads ‘Democracy Walk’ in Ibadan, says things not totally bad for Nigeria Why we should celebrate at 60 — United States-based Nigerians