Kachikwu: NLNG $7bn Train-7 Shielded from Vagaries of 2019 Polls
Chineme Okafor in Abuja
Plans by shareholders of the Nigeria Liquefied Natural Gas (NLNG) Limited to reach a Final Investment Decision (FID) on the company’s Train-7 project by December will not be affected by the vagaries of the 2019 general election atmosphere, the Minister
of State for Petroleum Resources, Dr. Ibe Kachikwu, has assured. Kachikwu gave the assurance at the weekend when he visited the Bonny Island base of the NLNG, which currently produces 22 metric tonnes per annum (mtpa) of LNG, with plans to invest about $7 billion on the Train-7 project to expand its production
capacity to 30mtpa. He also said the government might 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. He noted that this was in line with the country’s plan
to expand its LNG market share. According to NLNG’s shareholding structure, the Nigerian government through the Nigerian National Petroleum Corporation (NNPC) owns 49 per cent of its shares; Shell Gas B.V. has 25.6 per cent; Total Gaz Electricite Holdings France, 15 per cent; and Eni International, 10.4 per cent.
The company also recently signed agreements with a consortia to embark on Front End Engineering Design (FEED) for the Train-7 ahead of the December FID. Speaking after his tour of the plant, Kachikwu indicated that Nigeria’s 2019 elections would not interfere with the company’s expansion plan, and
that whatever happened at the polls, FID on Train-7 as well as its construction would go ahead. “Nigeria LNG is always being insulated from politics, it doesn’t matter who is in government or what elections purposes are on. They’ve always been a well-run Continued on page 8
Akpabio Visits Buhari in London, Set to Quit PDP for APC ... Page 8 Sunday 5 August, 2018 Vol 23. No 8509
www.thisdaylive.com TR
UT H
& RE A S O
N400
N
Troops Kill Several Armed Bandits in Zamfara Set camps ablaze, free captives
Senator Iroegbu in Abuja and John Shiklam in Kaduna The military said it had killed
NAF fighter jet destroys Boko Haram hideout in Borno
several armed bandits in Zamfara State, destroyed their camps, and set free many of their captives in its on-going Operation Sharan
Daji. The Force Information Officer, Operation Sharam Daji, Col. Muhammad Dole, said in a statement yesterday
that troops conducted several raids and ambush operations in major identified camps and routes in Maradun, Tsafe and
Zurmi local government areas of the state. In a related development, the Air Task Force (ATF) of Opera-
tion Lafiya Dole, the military operation against Boko Haram terrorists in the North-east, said Continued on page 8
Obasanjo: My Decision Not to Back Atiku in National Interest Says God won't forgive him if he supports former VP
Femi Ogbonnikan in Abeokuta Former President Olusegun Obasanjo poured cold water on the presidential ambition of former deputy, ex-Vice President Atiku Abubakar, yesterday, refusing to back him in his quest to become president in 2019. Obasanjo stated that his refusal to support Atiku was in the national interest and was not personal. The former president restated his opposition to Atiku to THISDAY through his spokesman, Kehinde Akinyemi. It followed an inquiry about Obasanjo’s earlier remarks in an interview with Premium Times, an online publication, where he was quoted as saying that Atiku “can never enjoy” his support for any political office. The former president’s spokesman said if his boss had taken such a position on his ex-deputy, then there must be something “fundamentally
wrong somewhere.” Obasanjo had said in his comments published yesterday that God will not forgive him if he supported Atiku’s presidential ambition, stressing that he had unknowingly backed the former vice president in the past. Akinyemi said, “The differences between Atiku and Baba is not and cannot be personal. It is only based on national interest." He said Atiku, having served as vice president to Obasanjo for eight years, the former president “should be able to recommend him to Nigerians for his 2019 presidential ambition. "But if Baba fails to do that, then something fundamentally must be wrong somewhere. And that is just it.” Asked if Obasanjo will forgive Atiku if apologised for whatever wrong he might have done to him, Akinyemi told THISDAY, Continued on page 8
Don't Allow Defections to Disrupt Governance, Ambode Tells Speakers ...Page 86
NUPTIAL BLISS… L-R: Bride's father, Mr. Akinyinka Akinnola; Groom's mother, Wanda Ibru, newly-weds, Ibiyinka and Ebruba; Groom's father, Olorogun Oskar Ibru; and Mrs Ibiwunmi Akinnola; cutting the cake to mark Ebruba and Ibiyinka's traditional wedding at the reception held at Harbour Point , Victoria Island , Lagos ...yesterday Kunle Ogunfuyi
2019: Dankwambo Formally Joins PDP Presidential Race ... Page 8