Nigeria's NLNG aims to start up Train 7 LNG project by end-2027
BANGKOK: Nigerian LNG producer NLNG aims to start up its $10 billion Train 7 LNG project by the end of 2027, its managing director Adeleye Falade told reporters on the sidelines of the Gastech conference in Bangkok. The project on Bonny Island, which will expand NLNG’s capacity to 30 million metric tons per year from 22 million tpy, has faced repeated delays, most recently from the COVID-19…
Nigerian liquefied natural gas (LNG) producer NLNG aims to commence its $10 billion Train 7 LNG project by the end of 2027, according to managing director Adeleye Falade. The project on Bonny Island will increase NLNG's capacity to 30 million metric tons per year from the current 22 million tonnes per year. However, the project has experienced multiple delays, notably due to the COVID-19 pandemic and the Ukraine war.
NLNG is still under a force majeure imposed in 2022 due to widespread flooding that disrupted its supply. The company expects to lift this measure when it reaches a 90% utilization rate, currently operating at 82% to 83%. Despite LNG prices above $20 per mmBtu potentially reducing demand, NLNG remains focused on fulfilling its contractual obligations to customers under the force majeure.
The company is actively seeking more gas supply and is optimistic about additional volumes and spot LNG cargoes following the curtailment of exports via the Strait of Hormuz due to the Iran war. NLNG, majority-owned by the Nigerian National Petroleum Company, has foreign partners including Shell, TotalEnergies and Eni.
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