The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) , Mallam Mele Kyari has revealed that, the Final Investment Decision (FID) for Nigerian Liquefied Natural Gas (NLNG) Train 7 would be executed in December 2019.
Mallam Kyari made this disclosure yesterday in Abuja while receiving the Chairman and Group Chief Executive Officer, Total Group, Patrick Jean Pouyanné and other top management of the Group.
Mallam Kyari stated that the corporation would continue to align its business processes with its partners in accordance with global best practices for the benefit of the investments and for the good of Nigerians, who he noted, remained the key shareholders of the National Oil Company.
“We see Total Exploration and Production as a total partner. Total is one of the few multinational oil companies in Nigeria that are fully integrated with their visible footprints from the Upstream to the Downstream Oil and Gas Sector” he stated.
Kyari described Nigeria as the best investment destination in Africa with the largest growing economy and with a population of over 200million that made it the largest market for Oil and Gas products in Africa.
He applauded President Muhammadu Buhari for creating an enabling investment environment for the Oil and Gas Industry and urged the Total Group and other International Oil and Gas companies to take advantage of the abundant conducive opportunities in the petroleum sector.
The NNPC helmsman assured the Total Group of the corporation’s unflinching partnership and implored them to bring to fruition all their ongoing investment portfolios for the benefit of the joint venture.
The Chairman and Group Chief Executive Officer, Total Group, Patrick Jean Pouyanné said, Nigeria was very important to the Total Group, stating that the Egina FPSO was currently producing 200,000 barrels per day.
“The Total Group would continue to invest in more deep-water projects in Nigeria and NLNG project is an important asset that we are deeply committed to” he said.