The Nigeria Liquefied Natural Gas (NLNG) Limited, through its Managing Director (MD), Tony Attah, has said the ongoing Train 7 project would increase its production capacity from 22 million MPTA to around 30 million MPTA. The figure represents a 35% increment.
While speaking during a panel session at the Fourth Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), which was held in Lagos, Attah said the Train 7 project would also create more jobs, which would increase revenue for the government.
“The Train 7 project will ramp up NLNG’s production capacity by 35% from 22 million MTPA to around 30 million MTPA. The project is anticipated to create about 12,000 new jobs and an additional 40,000 indirect jobs. This translates to more gas, more taxes and more revenue,” Attah was quoted as saying.
Attah, who was represented at the panel session by Adeleye Falade, General Manager, Production, NLNG, said the company was targeting to increase its supply of cooking gas, to the domestic market to 350,000MT in 2020.
According to him, the desire of the NLNG to deepen LPG penetration in Nigeria was aimed at creating a healthy life for Nigerians by giving them access to a clean source of energy for cooking.
Recall that in December 2019, the shareholders of the NLNG approved for the company to proceed with its Train 7 project.
As earlier reported by Nairametrics, the Train 7 Project, which has been delayed for over 10 years, aims to increase the company’s production capacity from 22 metric tonnes per annum to about 30 MTPA and will form part of the investment of over $10 billion, including the upstream scope of the LNG value chain.
What you should know: The project aims at increasing the capacity of NLNG’s six-train plant from the extant 22 Million Tonnes Per Annum (MTPA) to 30 MTPA.
This is with the award of contracts for the engineering, procurement and construction activities to follow the closure of bank and Export Credit Agency (ECA) financing, and the finalization of some key supporting commercial agreements expected in early 2020.
The actualisation of the Train 7 Project comes as NLNG celebrates 30 years of its incorporation and 20 years of safe and reliable operations since exporting its first LNG cargo in 1999.
Update: Health Minister states side effects of COVID-19 vaccines
Dr. Osagie Ehanire has disclosed the side effect of the COVID-19 vaccines.
Minister of Health, Dr. Osagie Ehanire has stated the side effects of the COVID-19 vaccines, which he said is mild.
The minister disclosed this during the live broadcast when President Muhammadu Buhari took his vaccine shot on Saturday.
According to the Minister, the reactions are usually mild and only few people had complained of mild pain in the part of the body they got the shot.
He said, “It is not everybody that complained of reactions/side effects but few had complained of mild pain at the part of the body they got the shot.
”Usually manufacturing vaccines take not less than 4 years but this only took about 1 year, which is the reason some people are apprehensive about the vaccines. This was manufactured in the United Kingdom and has been certified.”
Ehanire, explained that the jab is painless as a narrow gauge syringe was used with a small quantity injected in the upper arm.
He added that the after-effects are mild but accompanied by little discomfort in the area that was injected.
Present at the brief ceremony were the Secretary to the Government of the Federation (SGF) Mr Boss Mustapha; Minister of Information and Culture, Alhaji Lai Mohammed; the Chief of Staff to the President, Professor Ibrahim Gambari and other members of the Presidential Task Force (PTF) on COVID-19, senior government officials and journalists.
Update: President Buhari, VP Osinbajo get COVID-19 vaccine shots
President Buhari and VP Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.
President Muhammadu Buhari and Vice President Yemi Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.
President Buhari and VP, who received his COVID-19 vaccine shot on Live TV broadcast, urged Nigerians to emulate him and do the same to curb the pandemic in the most populous black nation.
Both were administered their jabs, on Saturday morning, at the Banquet Hall of the presidential villa, Abuja at a ceremony broadcast live on national television.
Their inoculation followed their e-registration and filling out of their vaccination cards by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Faisal Shuaib.
Vaccination of Buhari was done by Chief Personal Physician to the President, Dr Suhayb Rafindadi.
Osinbajo was also vaccinated by his personal physician, Dr Nicholas Audifferen.
Nairametrics | Company Earnings
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- 2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020
- Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.