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NLNG generates $149.6bn, moves to expand LNG capacity
['Michael Simire']
EnviroNews – latest environment news, climate change, renewable energy
According to him, NLNG contributes about six per cent of global LNG supply, strengthening Nigeria’s position in the international gas market.
Falade said the Train 7 project had reached 93 per cent completion and would increase the company’s LNG production capacity by 35 per cent from 22 million tonnes per annum to 30 million tonnes.
He said the project would also increase NLNG’s liquefied petroleum gas (LPG) production by 50 per cent.
“When completed, Train 7 will increase our LNG production by 35 per cent and boost LPG production by 50 per cent,” he said.
Falade said NLNG’s gas utilisation model had helped reduce Nigeria’s gas flaring rate from about 65 per cent to less than 20 per cent.