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Nigerian Liquefied Natural Gas Company LNG's Fifth Plant Begins Production

Posted on: Monday, 9 January 2006, 15:00 CST

Nigerian liquefied natural gas company LNG's fifth plant begins production

LAGOS, Jan. 8 (Xinhua) -- Nigeria's liquefied natural gas company Nigeria LNG Ltd. (NLNG) said on Sunday that its fifth production plant, the last leg of the 2.1 billion dollars expansion program, had begun production.

The company said in a statement that the start-up of the fifth production plant, or the fifth train of the Bonny LNG plant in southern Nigeria, took place on Saturday.

Also, the first cargo from the company's fourth train, which began production in November last year, was loaded the same day at the Bonny Terminal for delivery to the Lake Charles Terminal in the United States.

NLNG Managing Director Chris Haynes was quoted by the statement as saying that the two trains will increase the company's production to over 17 million tons per annum.

Haynes said the NLNG will be shipping over 14 million tons of liquefied natural gas per annum to Europe and eight million tons to U.S. markets after train six comes on stream in 2007.

The NLNG is a joint venture company whose shareholders are the state-run Nigerian National Petroleum Corporation, Shell, Total, and ENI International.

Nigeria has set a target for LNG production of 30 million tons per year by 2009 to corner about 14 percent of the global gas market.

Source: Xinhua News Agency - CEIS

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