Dr Jackson Gaius-Obaseki, chairman of
Nigeria’s multi-billion naira Brass Liquefied Natiural Gas project has
expressed hope for a Final Investment Decision, FID, on the project next year.
Nigeria’s multi-billion naira Brass Liquefied Natiural Gas project has
expressed hope for a Final Investment Decision, FID, on the project next year.
The former group managing director of
the Nigerian National Petroleum Corporation, NNPC, said the project would
likely witness FID before next year’s Christmas.
the Nigerian National Petroleum Corporation, NNPC, said the project would
likely witness FID before next year’s Christmas.
“Let it be God’s will that this will be
the last Christmas before Final Investment Decision”, he said at the company’s
2012 end-of-year luncheon.
the last Christmas before Final Investment Decision”, he said at the company’s
2012 end-of-year luncheon.
At the event which was organised to
appreciate the contributions of employees to the success of the company,
Gaius-Obaseki praised the workers for their commitment.
appreciate the contributions of employees to the success of the company,
Gaius-Obaseki praised the workers for their commitment.
“No matter how difficult the storm is,
we must make it. There are no obstacles, only challenges to be overcome,” he
told the workers.
we must make it. There are no obstacles, only challenges to be overcome,” he
told the workers.
Brass LNG Limited was incorporated in
2003 to manage the the two-train, 10-million metric-ton-per-annum Brass LNG
project by the project shareholders – NNPC, Eni-Agip, ConocoPhillips and Total.
2003 to manage the the two-train, 10-million metric-ton-per-annum Brass LNG
project by the project shareholders – NNPC, Eni-Agip, ConocoPhillips and Total.
It has since 2009 completed preparatory
work towards the eventual construction of the LNG plant at the project site in
Brass Island, Bayelsa State.
work towards the eventual construction of the LNG plant at the project site in
Brass Island, Bayelsa State.
The preparatory work included opening
up of roads, preparing the base for the tanks and building of a workers’ camp.
up of roads, preparing the base for the tanks and building of a workers’ camp.
The company is currently analysing the
contract packages preparatory to award, but this will be after the shareholders
must have committed themselves to the FID.
contract packages preparatory to award, but this will be after the shareholders
must have committed themselves to the FID.
ConocoPhillips has earlier this year
pulled out of the project, leaving the other sahreholders trying to work out
how to accommodate the vacuum left by the American company.
pulled out of the project, leaving the other sahreholders trying to work out
how to accommodate the vacuum left by the American company.
Culled
from the Sweetcrude Reports, Saturday,
December 15th, 2012.
from the Sweetcrude Reports, Saturday,
December 15th, 2012.
