The Petroleum Technology Association of Nigeria (PETAN) has commended and associate with the Minister of state Petroleum Resources, Chief Timipre Sylva for working tirelessly with the support of Executive Secretary, Nigerian Content Development Management Board (NCDMB), Simbi Wabote to bring hope to the indigenous service companies in ensuring that all hurdles impeding the award of T7 contract of the NLNG are cleared most especially in this difficult times
According to PETAN Chairman, Nik Odinuwe, if not for their tenacity, the opportunity would have slipped us.
“This gives us hope and a very welcomed news to all well-meaning Nigerians and the indigenous service companies. With this epic achievement, Nigeria is assured Increased job opportunities—over 12,000 jobs during Train 7 construction, increased LNG production from 22 to 30 million metric tonnes per annum, increased Foreign Direct Investment, a secured position as a top supplier of Liquefied Natural Gas (LNG) in the world, increased revenue to the Federal Republic, through NNPC’s shareholding, increased domestic LPG (cooking gas) availability and price stability”
“With your tenacity, foresight and visionary leadership, Nigeria LNG Limited (NLNG), one of Nigeria’s best investments, will become even more profitable, increased local content and capacity development, further reduction of gas flaring as well as stimulation of the Nigerian economy”, Odinuwe stated.