ADVERTISEMENT


Nigeria LNG Train 7 Progresses With EPC Contract

Nigeria LNG (NLNG) awarded an engineering, procurement, and construction contract worth over $4 billion to the Saipem-led SCD joint venture (JV) for Nigeria LNG’s Train 7 project on the Bonny Island LNG complex in Nigeria.

Saipem has a 60% share in the JV, which includes Daewoo E&C and Chiyoda Corporation, and said its share amounts to around $2.7 billion.

The award follows the letter of intent signed in September 2019. The NLNG Train 7 Project comprises the construction of a complete LNG train and an additional liquefaction unit with a total capacity of approximately 8 mtpa, plus other associated utilities and infrastructures.

The expansion project, which would bring total capacity to 30 mtpa, will include a liquefaction unit, an 84,200-m3 storage tank, a 36,000-m3 condensate tank, and three gas turbine generators. It will be the latest in several expansion projects the Bonny Island plant has undergone since it began commercial operation in 1999. 

Train 7 is scheduled for commissioning by 2024.

“The investment decision by Nigeria LNG Limited, which includes several important energy companies, demonstrates that natural gas, in whose value chain Saipem has a recognized leadership, will be pivotal to the energy transition,” said Saipem’s chief executive Stefano Cao. “The award of this contract contributes to increase the portion of non-oil-related backlog and confirms the overcoming of the link between Saipem’s share value and oil price”.

ADVERTISEMENT


STAY CONNECTED

Don't miss out on the latest technology delivered to your email every two weeks.  Sign up for the OGF newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.

 

ADVERTISEMENT


MOST POPULAR

ADVERTISEMENT


EXPLORE ARTICLES BY TOPIC

ADVERTISEMENT