NLNG awards $10 bn Contract of Train-7 EPC to SCD

Nigeria LNG, owners of the six train Bonny LNG plant located
in Nigeria’s Niger Delta, said it is close to signing a letter of final
Investment decision  intended for the
engineering, procurement, and construction (EPC) contract with SCD JV The consortium, to build a seventh train at the plant.

Managing Director of NLNG, Tony Attah
Speaking during the ceremony, described the signing as an innovative leading
the company closer to FID on Train 7. He said Train 7 will increase the production capacity of the company by 35%, attract over US$10 Billion foreign
direct investment to Nigeria and create about 10 000 jobs.

NLNG believed that issuing the letter of intent for the EPC
to the consortium confirmed the company’s intention to award the project
contract to the preferred bidder.

The winning bidder of the consortium is made up of Saipem of
Italy, Japan’s Chiyoda and Daewoo of South Korea.

“The Letter of Intent is one of the key milestones to
be achieved on the road to FID by its shareholders,” and marks another
significant step towards the realization of Train 7 and its consequent value to
NLNG’s Shareholder. The company stated.

The Chairman of the Board of Directors, Chief Dr. O R Long
John assured SCD Consortium, the preferred bidder, of the unalloyed commitment
of NLNG Board of Directors and the four shareholders towards achieving Train 7
seamlessly “as we live our vision of helping to build a better Nigeria.”

The Federal Government represented by the Permanent
Secretary, Ministry of Petroleum Resources assured of support for the speedy
implementation of the Train 7 project, while the four shareholders – NNPC,
Shell, Total and ENI took turns to assure of shareholders’ commitment to ensure
that FID for Train 7 is signed by 31 October this year.