Nigeria LNG Plans to Boost Capacity by 40%

Nigeria LNG Limited (NLNG) is looking to boost plant capacity by 40 percent by building a new production line at a cost of around $15 billion, reports local financial daily Business Day.

By refurbishing existing plants, investing in new ships the company aims to produce 40 million tons of LNG each year.

As per Business Day, six ships being built by Samsung Corporation and Hyundai of South Korea for the company will increase the number of ships in its fleet to 30.

Nigeria’s estimated LNG production capacity, currently 22 million metric tons per annum (mtpa) is expected to ramp up when a seventh train comes on stream, says the newspaper.

The train 7, which is still awaiting final investment decision (FID) by the stakeholders, is expected to lift the total production capacity to 30mtpa.

Also, the FID for the 10mtpa-capacity Brass LNG project which was expected to be taken in the second quarter of 2013, according to NLNG, did not materialise, adds Business Day.

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