According to Phillip Mshelbila, Nigerian Liquefied Natural Gas (NLNG) Limited is developing a strategy to expand the plant, which will result in the formation of Train 8.
Mshelbila said that the corporation has started making plans to float Train 8, which will be different from the previous ones in that the new Train 8 would emphasize lowering carbon emissions while also addressing the issue of increasing capacity.
This is occurring as the NLNG made progress on the Train 7 project, whose completion is anticipated in four years.
At a panel discussion titled “Strategies for Confronting Energy Transition,” Mshelbila, who was represented by NLNG General Manager, Production, Leye Falade, stated that the company places a strong emphasis on the value it receives from maintaining a clean environment in addition to the significant taxes and dividends it pays to the government and shareholders.
He claims that the company initially provided 50,000 tons of liquefied petroleum gas (LPG) to the Nigerian market. Subsequently, the company expanded into the Nigerian market by about 400,000 tons last year, and it now aims to push into the domestic market by about 500,000 tons.
He claimed that these initiatives aim to stop deforestation, lessen emissions by using cleaner fuels, and save lives.
According to Mrs. Sophia Horsfall, manager of corporate communications and public affairs at NLNG, the supply of all the company’s liquefied petroleum gas (butane and propane) to the Nigerian market has had a favorable effect.
She said that the action, which was approved by the company’s board of directors, had caused LPG, often known as cooking gas, to become less expensive nationwide.
In keeping with the Federal Government’s proclamation of the years 2021 to 2030 as the Decade of Gas, Horsfall claimed that giving the domestic market priority would contribute to deeper use of gas in Nigeria.
She mentioned that NLNG, which is expected to supply 400,000 metric tonnes of LPG to the domestic market in 2021, is now the largest single supplier of LPG.
According to Horsfall, the NLNG Train 7 project will increase the country’s use of gas.
She claimed that the Train 7 project would increase NLNG’s production capacity from 22 Million Tonnes Per annum (MTPA) to roughly 30 MTPA, a 35 percent increase.
According to Horsfall, the project would be a part of a $10 billion investment that also covered the upstream portion of the LNG value chain, raising government revenue through taxes and profits.
She mentioned that the business was also engaged in various initiatives to promote socioeconomic advancement in both its host town and the broader country.