THE Nigeria LNG train 7 will attract $10 billion into Nigeria’s economy, according to the Nigeria LNG Limited.

In his Goodwill message, presented at the Nigeria International Petroleum Summit (N.I.P.S) Pre-Summit Conference, titled: The Decade of Gas, in furtherance of the Federal Government initiative that declared January 1, 2021, to December 31, 2030 as “The Decade of Gas Development for Nigeria”, Managing Director, Nigeria LNG Limited, Mr Tony Attah, said: “This is a great opportunity for Nigeria.

“Nigeria is blessed with plenty gas reserves – 200tcf of proven reserves and an additional 600tcf scope to be proven by SEC rules. Proving the 600tcf will move us to No4 in the world from the current 9th position which I believe should be a key objective for this decade of gas agenda.

“Essentially, Nigeria is a GAS NATION as we have more gas than oil on a BoE basis. Nigeria currently plays a significant role in the global energy sector, holding the position of the largest oil and gas producer in Africa and the sixth supplier of global LNG through the operations of Nigeria LNG Limited.

“Our Train 7 project alone will attract about$10billion into the country with significant revenue generation for the government and our shareholders, but also over 12000 jobs opportunity for Nigerians.”



He said: “This is a decade of gas, another decade of sustained operations in Nigeria LNG, a decade of Train 7 and perhaps Trains 8,9 and 10;a decade of elimination of gas flaring, a decade of more Domestic LPG in households in Nigeria and overall, a decade of fully Gas-Powered Economy.

“As I stated at the beginning, this will require solid collaborative effort, and the active participation of all stakeholders, including the National Assembly currently working the Petroleum Industry Bill (PIB).

“The PIB holds the ace to be one of the biggest opportunities for our gas future as a nation and we should not miss this window. Gas is Power and Energy. Gas is Transport- as in AutoGas. Gas is Petrochemicals- feedstock. Gas is Food from fertilisers.”

He added: “Matter of fact Gas is everything for Nigeria. We must use what we have to get what we want. Saudi Arabia and Dubai used Oil to move their economies to becoming one of the best in the world; Qatar has used GAS to transform from a fishing economy to becoming a global gas giant.”

However, Nigeria has thus far ridden on the back of oil for over 50 years, but the time has come for Nigeria to FLY on the wings of GAS – at Nigeria LNG, we believe it is time for GAS.”

https://www.vanguardngr.com/2021/03/lng-train-7-to-attract-10bn-into-nations-economy-nlng/amp/

All this boasting of how much crude oil and gas Nigeria has will not solve the long-term doom that faces Nigeria on the international platform. The days of crude oil are drawing to a close, and other alternative means of power generation are being developed at an alarming rates. So government should do the needful and focus on agriculture. For this is the only hope Nigeria will need when crude becomes obsolete

Good to know that $10billion will probably be available to be embezzled in few years to come. Buhari is doing great.

Nice

All the billions that are injected into the economy... What have they been doing with it?

I only see wailing wailers bridage above and below my comment

ATTENTION!

Start complaining.....

I thought they trained 7 people to attract 10 billion dollars not knowing it a project
Buhari government will tax LNG for making such a lucrative noise. More money

We really pray and hope it does, cos If a Government has failed with the first Resources, would it fare well in the Second related Resource/Opportunity?


I have Supplies of pipes For Oil and Petroleum, exploration, about 3000 Joints are available for sale

Name: Sand screen pipes.
Size: 6ft 5/8"
Type: Base pipe, stainless steel
Guage: 9 guage
Price per joint: $... DM in signature

The largest gas market in the world is Europe. While the biggest supplier
of gas to Europe is Russia via a pipeline tagged Nord stream one. fact

That is how they will be making projections that will never happen. Àwọn gamblers oshi

but still won't stop them to borrow from world bank

Still talking of crude oil like it is the future, maybe we really need young people in politics, at least they might be corrupt, but we would be a an advanced technological corrupt nation

Good news for Nigeria

Really

This,

We have heard before, what I have in my sig. has not been heard before!

God will help us!

Make the train 7 come kwanu make we rest

The never ending train 7....

marvelphysics:
Still talking of crude oil like it is the future, maybe we really need young people in politics, at least they might be corrupt, but we would be a an advanced technological corrupt nation

Not maybe....these clueless leaders need to be replaced by visionary youths ASAP!!!!
It's a matter of make or mare come 2023.

Proactivity Leads To Productivity!!!!
@Seniorwriter

We've to ask why is it so difficult for NASS and Executive to pass and sign PIB into law?

I mean PIB will obviously usher in more opportunities in the oil & gas sector. More people will be employed, more businesses, more people will be brought out of poverty,etc

So why are our politicians and civil servants (past and present) this wicked?

Attract $10 Billion wetin? For this plenty insecurity we dey soo? Is that the solution to our problems? Kai mumunism no be here oóo.

Nigeria's common wealth such as gas is supposed to be for all Nigerians to enjoy its benefits and proceeds. But unfortunately, it is for a few. Majority of Nigerians only hear of these huge wealth in the news: it has no positive impact in their lives.
Majority still live in abject poverty despite such huge resources available to us all. The few who have access to it grab it all and leave nothing for others.

The tran 7 will be sited here in Akwa-Ibom...
Wow! Akwa-Ibom ayaya

Pre train 7 has already started...a lot of jobs on ground. I will advice if u r skilled get urself to Bonny island now and fit in.it will be a 7 yrs contract ...scaffolding,riggers,crane operators,rope access,electrical/ mechanical technicians,safety,planners n schedulers

Loot-able 10b dolls.

These people are just bunch of clowns.

For which country that one go take happen?

Mumu people.