FG to get NLNG to aid Brass LNG, OK LNG with investment, expert advice

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the government may ask the NLNG to help get two delayed LNG projects in the country – the 10mtpa BrassLNG and 20mtpa Olokola LNG – off the ground through either minimal investment or expert advice. This, he noted, was in line with the country’s plan to expand its LNG market shares.

On plans to ask NLNG to help Brass and Olokola LNG projects, he said: “What I have said to them is obviously, they’ve been fantastic in terms of their comfort zone. You probably could give them 100 per cent in terms of their performance but I’m saying the world is bigger than this island.”

He added; “We have opportunities that are stranded everywhere – BrassLNG in terms of shareholding and financing; OKLNG in terms of even taking off the ground. I am saying, as the grandfather of this business – they built six trains, looking at seven, hopefully potentially more – let’s begin to look at where through minimal investments, through structures and designs and reconfiguration and expert advice, you can actually hand-hold some of those trains that are beginning to lag behind so that the whole founding father concept of ‘take this all over the place’ can happen.”

Source: THISDAY