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Nigeria LNG expects Train 7 FID later this year

The long-delayed expansion to Nigeria’s Bonny Island LNG plant is under pressure to reach financial close this year, but talks on subcontractor costs could delay it further The long-delayed expansion to Nigeria’s Bonny Island LNG plant is under pressure to reach financial close this year, but talks on subcontractor costs could delay it further.
By Felix Janvrin 4 days ago Middle East & Africa / LNG 0 34103
The Bonny Island LNG plant. (Shell)

The key issue: The head of NLNG said in late March that the Bonny LNG Train 7 project will reach an FID by Q4 this year, more than 12 years after it should have been completed.

Interfax analysis: The statement last month by the head of Nigeria LNG (NLNG) on the timeline for the Bonny Island Train 7 project resolves only some of the uncertainty around the much-delayed $12 billion venture, which had become bogged down by electioneering at the end of last...