There are strong indications that stakeholders – Nigeria Liquefied Natural Gas Limited (NLNG), National Petroleum Investment Management Services (NAPIMS), Shell, Total and Agip – have made progress targeted at taking the Final Investment Decision (FID) on the nation’s $10 billion LNG trains seven project, Vanguard reports.

The taking of FID in the project directly managed by NLNG Limited with shareholders – the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation (NNPC) (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V. S.à r. l (10.4%), had suffered several setbacks in the past as a result of many issues, especially funding and inconsistent policy.

But investigations have shown that some of the hurdles have been resolved, thus raising hope for the expected FID. For instance, it was reliably learnt that after a series of engagements with NAPIMS, the stakeholders have renewed their commitment to the project expected to increase the nation’s total LNG output from 22 million metric tonnes per annum (MMTPA), to 30 MMTPA.

Mr. Tony Attah, Managing Director and Chief Executive Officer of Nigeria LNG Limited who was overseas on official assignment last week, had also indicated at the recent World LNG Summit in Lisbon, Portugal that: “This is the time to unleash the country’s gas potentials through catalysts like Trains 7 Plus to spur socio- economic transformation.”

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