Nigeria: NLNG - Country Loses U.S.$2.5 Billion Yearly to Delay of Train 7

7 January 2014

The Managing Director/Chief Executive Officer of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Babs Omotowa, has stated that Nigeria is losing $2.5 billion revenue yearly due to the delay in the take-off of the company's seventh train.

Speaking Monday at the celebration of the loading and casting off of the 3,000th LNG cargo from the company's Bonny Island plant in Rivers State since the commencement of operations in 1999, Omotowa also stated that shale gas is not a threat to Nigerian gas in the international market, as only two companies were licensed to export shale gas from the United States.

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