FG Pledges Commitment to Complete Brass NLG, The Federal Government is seeking new investors to revive the stalled Brass Liquified Natural Gas (BLNG) project.
Minister of State Petroleum Resources Timipre Sylva has pledged government’s commitment to the completion of the project abandoned over 17 years ago.
A statement by Horatius Egua
Senior Adviser Media and Communications to Minister of State Petroleum Resources
Says the minister was Speaking during an inspection of the project site, in Twon Brass, Bayelsa State,
with management of Greenville NLG, an interested investor in the Brass Liquified Natural Gas (BLNG).
Sylva said government is desirous of completing the project because of the manifold economic benefits it will bring to the nation.
The Brass Liquified Natural Gas (BNLG),which has trains 1-4 concept, with an annual projected capacity of eight point four (8.4 )million metric tons, was initiated in 2005 with the ground breaking ceremony performed by former President Olusegun Obasanjo on May 14, 2007.
FG Pledges Commitment to Complete Brass NLG
The Minister, who was joined on the tour of the project site by the Chairman and Managing Director of Greenville LNG Eddy Van Den Broeke and Ritu Sahajwalla, said the Federal Government would give the project top priority because of its present policy thrust in gas exploration in the country.
He reiterates that the direction of the government as far as gas is concerned which is to use gas as transition fuel and also to use it to diversify the nation’s economy.
The minister acknowledged the challenges faced in successfully executing the project in the past noted that the government would do everything possible to encourage Greenville NLG in investment in the multi-billion dollar BNLG
He gave an assurance that the project will pull through this time and government will do everything possible to ensure that the Final Investment Decision (FDI) is taken as soon as possible.
He applauded President Muhammadu Buhari for creating the enabling environment for businesses in the country .
The Minister reiterates that Nigeria has enough gas reserve and is encouraging encouraging anyone with capacity to bring in their investments .
Present investors in the Brass NLG project are the Nigeria National Petroleum Company Limited (NNPC), Eni and Totalenergies.