NNPC Assures Of Commitment To Gas Development

The Nigerian National Petroleum Corporation (NNPC) said it is committed to support any project that would encourage production and utilization of natural gas for the benefit of the country, its chief executive has said.

Maikanti Baru said the signing of the agreement on the Train 7 of the LNG project had a lot of potentials that would benefit the nation.

He 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.

Commenting on the corporation’s interest in the signing agreement, he said that the Train 7 project was in line with NNPC’s vision of prioritizing the use of natural gas to the greater benefit of Nigerians.

The NNPC boss said the signing ceremony was important as one of the major processes to bring the Train 7 project on board.

"Apart from being 49 percent 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."
Baru said NNPC, owning 49 percent share in the NLNG meant more dividend to the corporation, even as he advised NCDB to make room for more Nigerian Content in subsequent LNG projects
The GMD called on other partners in the project to obey the rules of engagement.
“My 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”.