- Oil workers, acting under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have urged shareholders and Board of the Nigerian Liquefied Natural Gas (NLNG), to approve the completion of Train 7 project to make the company more competitive in the global gas market.
- It said the completion would enable the country to end gas flaring by harnessing the flared gas for domestic use and for export as well.
- Speaking at the 4th Triennial Delegates Conference of PENGASSAN Branch of the NLNG in Bonny, Rivers State, its President, Comrade Francis Olabode Johnson, said that Train 7 project was established to further exploit the emerging global market demand for LNG and to remain competitive, adding that in 2017, there is expected to be a potential drop in global LNG price due to competition as there is likelihood of increase in the number of suppliers.
“Train 7 completion will definitely increase the company’s share of global market, enhance flare reduction or total flare out, and attract $10 billion Foreign Direct Investment (FDI) with zero cash out from the government.
- The urged government to give priority to domestic gas utilisation over export, enhance gas utilisation with full reappraisal of the Gas Master Plan, and adequately fund the NLNG’s operations.