The Nigeria LNG Limited has said the company’s Train 7 gas project on Bonny Island, Rivers State in southern Nigeria has reached 67 per cent completion.
The company’s General Manager, External Relations and Sustainable Development, Mr. Andy Odeh, said in a statement that the project was already delivering on one of its benefits with over 9,000 Nigerians working in the project on Bonny Island, and numerous indirect jobs and businesses emerging as a result of the construction work.
He added that officials of the NLNG, who spoke at a reconvened session of the Senate and House of Representatives’ Joint Committee on Gas, provided necessary information and clarifications to address issues raised by the committee.
According to the statement, the NLNG confirmed that the project, with a total contract sum of $4.3 billion, has reached an overall progress of 67 per cent completion, achieving a significant construction milestone of over 45 million man-hours without any Lost Time Injury.
The company noted that the project was already delivering on one of its benefits with over 9,000 Nigerians working in the project on Bonny Island, and numerous indirect jobs and businesses emerging and booming as a result of the construction,” the statement read partly.
The statement emphasised that the Train 7 project is a strategic initiative that will support the diversification of the country’s revenue sources and revenue generation during the energy transition, aiding the country in achieving a net-zero future.
It also stated that the project remained crucial for monetising Nigeria’s vast gas resources, estimated at over 200 trillion cubic feet of proven reserves and that it is an inspiration to other gas development initiatives aimed at enhancing gas monetisation and utilisation in the country.
GIK/APA
Nigeria’s Train 7 gas project reaches 67% completion – NLNG
