According to one engineer named
Henry Omoregie, he was part of the Nigeria Liquefied Natural Gas, NLNG
construction history from the scratch including piping, electrical and
safety supervision.
He said NLNG was built (first 2 trains) for 3.8 billion USD. With
an additional train, it shot up to 4.2 billion USD with plans to expand
to about 7 trains on hold, it should worth about 10 - 15 billion USD.
That is less than the billions of dollars figures the APC-led Nigeria
has been bandying about, as recovered loot.
The JV agreement is shared 49% for Nigeria (NNPC) and the rest 51% by Shell, (biggest share of the other 3 at about 25%) Agip (ENI Group) and Total (then TotalFinaElf).
The JV agreement is shared 49% for Nigeria (NNPC) and the rest 51% by Shell, (biggest share of the other 3 at about 25%) Agip (ENI Group) and Total (then TotalFinaElf).
He said he understands during his sojourn in Bonny Island, that
the plant would be wholly Nigeria National Petroleum Corporation, NNPC's
after 22 years (counting from 1999 or just before).
That means in 2021, 51% becomes an addition to the 49% = 100%
Naija-owned. He also said the most expensive single ''asset'' in
Nigeria and Africa today is the NLNG Plant in Bonny Island, Rivers
State - Nigeria.
See photos below as well as reactions by some Nigerians:
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