Nigeria LNG (NLNG) is seeking to attract NGN 2,520bn (US$7bn) from the global market to help finance the construction of a seventh LNG production train at its Bonny Island liquefaction plant (estimated at US$6.5bn) and to invest in the Nigerian upstream gas sector to ensure supply to the existing trains and to the new one (estimated upstream investment of US$5bn).
The NLNG plant consists of six trains commissioned between 1999 and 2008 with a combined capacity of 22 Mt/year (nearly 30 bcm/year). Plans to add a seventh, 8 Mt/year (10.8 bcm/year) LNG train have been lingering but the project was revived recently. In July 2018, NLNG awarded the contracts for Front End Engineering Design (FEED) to B7 JV Consortium and SCD JV Consortium, paving the way for Engineering, Procurement and Construction (EPC) pricing and for the Final Investment Decision (FID).
The Train 7 project, expected in 2024 at the earliest, would enable NLNG to reach a total liquefaction capacity of 30 Mt/year (40.5 bcm/year).