President Bola Ahmed Tinubu GCFR has given his assist to the execution of the primary floating Liquefied Natural Gas (FLNG) challenge in Nigeria
He additionally assured Nigerians that the event would quickly develop into a actuality.
The President gave the peace of mind in Abuja on Wednesday, when he acquired the crew of builders of the challenge on the Presidential Villa, Abuja.
Leader of the delegation, Julius Rone, disclosed this in an interview with State House Correspondents on the finish of the go to.
He mentioned that is the primary time an indigenous firm was taking over such a challenge, including that their assembly with the President was very fruitful.
“I am here with our technical partners from France and Japan. We are developing the first floating LNG in Nigeria in conjunction with the National Petroleum Company Limited –NNPCL.
“This is the first time an indigenous company from Africa is taking on such a project. We have just gotten one of our best days in our transactions. The President has given us all the assurances and full support for this project.
“We are excited because the President spoke very well on the need to develop our gas resources and he believes in the floating LNG technology and he assured us that there will be no stone left unturned to enable us deliver this project as planned and on schedule,” he mentioned.
He additional disclosed that when accomplished, the challenge will generate 300 thousand tons of LPG every year in addition to create seven thousand jobs for Nigerians.
“This project has the capacity to deliver 300, 000 tons of LPG per-annum to support the domestic requirement of LPG. That is 25 percent of the requirements of PLG in this country.
“That will save the environment from deforestation and on the part of job creation; this project has the ability to create 7000 jobs for Nigerians. Many Nigerians are already working in various parts of the world on the engineering aspect of it. On the local content part, we are working with the Nigerian Content Development Board to ensure that citizens are trained on how to manage and operate the plant when it becomes operational. So, we believe that this will support job creation in line with the President’s objective to create jobs and monetize our gas resources,” he added.
Julius Rone additionally disclosed that Afreximbank is facilitating the financing of the challenge with monetary closure envisaged for This fall 2023.
A Nigerian fuel firm is main plans to arrange the primary Floating Liquefied Natural Gas (FLNG) facility in Nigeria to spice up manufacturing and crash the price of fuel for home, auto and industrial use within the nation.
The facility, which would be the first of its variety in Nigeria, additionally goals to leapfrog the nationwide financial system by producing an annual 1.5 million tons of Liquefied Natural Gas (LNG) for export.
The FLNG facility can be anchored offshore in Akwa Ibom State in about 60m water depth.
PIAK
