The Minister of State for Petroleum Resources , Dr Emmanuel Ibe Kachikwu.
. Reps query $1.6bn contract variation
Minister of state for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday, laid to rest speculations that the Buhari administration plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG) located at Bonny Island, Bayelsa State.
Chevron, Nigeria LNG Limited, Total, ExxonMobil are among the list of top industry players that will exhibit at the forthcoming Nigeria International Petroleum Summit (NIPS) to be hosted in Abuja by the Federal Ministry of Petroleum Resources from 19 – 23 February 2018.
Nigeria LNG Limited has announced that the company, with the full support of its Board, is making steady progress towards achieving Final Investment Decision (FID) on its Train 7 Plus (7+) project during 2018.This phase of the company’s strategic growth programme will on completion upscale NLNG’s annual production capacity from the current capacity of 22 mtpa to 30 mtpa.
Nigeria Liquefied Natural Gas Limited (NLNG) has awarded Baker Hughes, a GE company (BHGE), contract to provide Asset Performance Management (APM) software services to reduce unplanned outages and trips for LNG trains.
The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Thursday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government and Julius Berger Nigeria Limited to part-fund the construction of the N120.6 billion road connecting communities in the state.
…As NLNG gives reasons for recent cooking gas price hike
..Cooking gas scarcity persists due to forex, lack of space at jetties – Suppliers
The Nigerian National Petroleum Corporation (NNPC) has blamed oil marketers in the country for the excruciating scarcity of kerosene and Liquefied Petroleum Gas (LPG), also known as cooking gas and the high price of the commodities across the country.
The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, said the NLNG Act and the shareholding and governance structure of the company were key factors responsible for NLNG’s success story.
….Sale assets and re-invest to critical infrastructure- Chukwu
Mixed reactions has continues to trail the recent call for the sale of Nigeria’s national assets to raise money to plug the hole in the declining revenue of the country , while some are of the opinion that government can sale and re invest into infrastructure while others are saying no to the idea.
Shell Petroleum Development Company has declared force majeure on gas supplies to the Nigeria Liquefied Natural Gas (NLNG) export facility on Bonny Island, a spokesman said.
Despite the dwindling prices of oil and gas in the international market, Nigeria earned about $3.21 billion or N632.37 billion in 2015, through the liquefied natural gas, LNG, project, going by the exchange rate of N197 to a dollar.