Nigeria LNG Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project with the SCD JV Consortium, comprising affiliates of Saipem, Chiyoda and Daewoo.
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Shell-run NLNG had earlier selected a consortium comprising the Italian firm, Saipem; South Korea’s Daewoo Engineering and Japanese Chiyoda to build its $7 billion Train-7 in its Bonny Island plant.
Apart from the $7 billion for the construction of Train 7, an additional $3 billion worth of investment would be spent on upstream gas development to meet the expected demands of the new capacity.
The execution of the EPC contracts now triggers the commencement of the Detail Design and Construction (DDC) phase of the project expected to increase the capacity of NLNG’s current six-train plant by 35 per cent from the extant 22 million tonnes per annum (MTPA) to 30 MTPA.
NLNG is an incorporated Joint-Venture owned by four shareholders – Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation (NNPC) holding 49 per cent shares; 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.
Speaking on the contracts’ signing, Managing Director and Chief Executive Officer of NLNG, Mr. Tony Attah, was quoted in a statement signed by the General Manager, External Relations and Sustainable Development, Mrs. Eyono Fatai-Williams, as saying that the EPC contracts represented yet another milestone in the company’s journey towards achieving its vision of being a global LNG company, helping to build a better Nigeria.
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Shell-run NLNG had earlier selected a consortium comprising the Italian firm, Saipem; South Korea’s Daewoo Engineering and Japanese Chiyoda to build its $7 billion Train-7 in its Bonny Island plant.
Apart from the $7 billion for the construction of Train 7, an additional $3 billion worth of investment would be spent on upstream gas development to meet the expected demands of the new capacity.
The execution of the EPC contracts now triggers the commencement of the Detail Design and Construction (DDC) phase of the project expected to increase the capacity of NLNG’s current six-train plant by 35 per cent from the extant 22 million tonnes per annum (MTPA) to 30 MTPA.
NLNG is an incorporated Joint-Venture owned by four shareholders – Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation (NNPC) holding 49 per cent shares; 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.
Speaking on the contracts’ signing, Managing Director and Chief Executive Officer of NLNG, Mr. Tony Attah, was quoted in a statement signed by the General Manager, External Relations and Sustainable Development, Mrs. Eyono Fatai-Williams, as saying that the EPC contracts represented yet another milestone in the company’s journey towards achieving its vision of being a global LNG company, helping to build a better Nigeria.