The Nigeria Liquified Natuarl Gas (NLNG) says it has reduced gas flaring by Upstream Companies from over 60 per cent to less than 20 per cent since it commenced operations in Nigeria.
Managing Director of the company, Mr. Tony Attah who disclosed this at the opening ceremony of the Nigeria International Petroleum Summit in Abuja added that so far, the company has been able to convert about 191.5bcm (billion standard cubic metres) or 6.8ch (trillion cubic feet) of Associated Gas (AG) to Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs).
According to him, in its current state, the company has significantly reduced the environmental hazards arising from gas flaring.
Flaring, or deliberately burning natural gas produced as a by-product to oil, can worsen climate change by releasing carbon dioxide, a greenhouse gas blamed for raising global temperatures.
Billions of cubic meters of natural gas is flared annually at oil production sites around the globe. Flaring gas wastes a valuable energy resource that could be used to support economic growth and progress. It also contributes to climate change by releasing millions of tons of CO2 to the atmosphere.
The Managing Director, represented by General Manager production, Engr. Adeleye Falade, noted that in the past 20 years of its existence, Nigeria LNG has become a major player globally with the export of over 4500 LNG cargoes delivered safely worldwide.
He said: “The addition of Train 7 to our current six-train plant will add another eight million metric tonnes of LNG to the current sustained 22mil|ion metric tonnes production capacity of our plant. That will keep Nigeria prominently on the list of the top 7 suppliers of global LNG. This is an enviable position for an African country to achieve in the face of our evolving technological advancement which is managed by highly skilled Nigerian professionals of varying competencies.
“The very quick wins from Train 7 project for Nigeria is the creation of jobs for our teaming youths, netting up to 12,000 direct iobs at the construction phase as well as the associated skills acquisition through a deliberate effort at technology transfer,” he added.
Nigeria’s growing response to the demand for cleaner energy sources to power the world has accentuated the critical role that our premium crude oil and natural gas resources play in that space.
The focus of this year’s conference on ”Widening the Integration Circle: Technology, Knowledge, Sustainability and Partnership”, is a pointer to the fact that our country, and ultimately our continent is conscious of the need to strategically harness all these elements. They will certainly give us an edge to maximally benefit from the volatile and highly competitive global energy sector.
Riding on the back of a robust Nigerian Content plan endorsed by the Nigerian Content Development Monitoring Board (NCDMB), Attah said, “55% of the Engineering activities for Train 7 will be carried out in-country and 55% of all procurement for execution of the project will be undertaken by Nigerian vendors.
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“100% of the installations and construction will happen in Nigeria and the entire project will attract huge Foreign Direct Investment to the Nigerian economy. Other benefits include the emergence of upstream and other associated projects that will bolster our economy,” he further said.