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Nigeria’s Declaration Of Decade Of Gas Will Impact Economy’

The Managing Director/Chief Executive Officer of Nigeria LNG Limited (NLNG), Engr. Tony Attah, has said that the Federal Government’s decision to declare the decade of gas would further drive the zeal to monetise the country’s gas resources and, will ensure that Nigeria, through NLNG, has a major role to play in the energy transition.

He also said his company was strengthened by the renewed commitment by the Federal Government to make gas a priority energy source for the country.

He disclosed these during recent visits to the Minister of State for Petroleum Resources, Chief Timipre Sylva, and the Group Managing Director of Nigerian National Petroluem Corporation (NNPC), Mr. Mele Kyari, to brief them on the Most Outstanding Contribution in the Industry Award given to the Company at the recently concluded World LNG Virtual Summit and Awards.

He explained that the award is a testament to the deliberate commitment of the country to develop and monetise its vast gas reserves for the benefits of Nigerians.

He told his host that the company was recognised, as a joint winner in a nomination group consisting of top LNG companies, for its growth strategy and for the bold decision by NLNG’s shareholders to proceed with the Train 7 project amid the COVID-19 pandemic.

“We are delighted to be recognised for our contributions. This award is very special; it has come in a year when we strived under the impact of the pandemic to sustain our business and to keep our people safe. 2020 is a year of many dimensions for different companies, but it has turned out to be a remarkable year on the back of our ambition to grow and increase our production capacity by 35% from 22 Million Tons Per Annum (MTPA) to 30 MTPA. This ambition led to our signing the EPC for Train 7 project in May 2020. Our ambition is coming to life,” he said.

Engr. Attah said NLNG’s passion for growth and its vision of “Helping to Build a Better Nigeria” has already earned NLNG the Thisday Company of Decade award, stating further that the company was poised for the future with the support of the Honourable Minister of State for Petroleum Resources, and other major stakeholders.

He emphasised the country needs to be in the right position to capitalise on the gains of gas as a major energy source in the energy transition, and called for accelerated development of gas resources before stiffer competition from renewable energy sets in.

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