LNG

Nigeria LNG Ltd., the operator of world’s fifth-largest LNG export plant at Bonny Island on the Niger Delta, is in talks with major banks for $10 billion in project financing for the new seventh liquefaction Train.

Nigeria LNG has finally signed a letter of intent for the engineering, procurement and construction contract with a consortium of companies from Italy, Japan and South Korea to proceed with the construction of a seventh liquefaction Train.

Another large natural gas discovery in the Niger Delta has focused attention on the slow progress of the expansion project for the Nigerian liquefaction and export plant at Bonny Island, where a seventh Train has been planned for several years.

China National Offshore Oil Corp., the owner of nine LNG import terminals, has a long list of 33 future projects, though only six of the ventures are dedicated to boosting Chinese offshore domestic natural gas output.

The US Government has issued a report focusing on how different drivers of macroeconomic growth may affect international energy markets in three heavily populated and high economic growth regions of the world, China, India and continent of Africa.

Nigeria LNG, the company that runs the West African nation’s six liquefaction Trains at Bonny Island on the Niger delta, has taken the first steps towards constructing a seventh Train after years of delay by awarding engineering contracts and planning to raise $7 billion from the global financial markets.

Atlantic LNG, the Caribbean liquefaction and export plant for Trinidad and Tobago, has named Nigerian Philip Mshelbila as Chief Executive to replace incumbent Nigel Darlow of the UK, who has been at the helm since 2011.