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NNPC, LNG Japan Corporation Commence Strategic Partnership on LNG
NNPC, LNG Japan Corporation Commence Strategic Partnership on LNG
As part of efforts to fast track the exploration of the abundant gas
resources in the country to increase Federal Government's revenue from the
Oil and Gas sector, the Nigerian National Petroleum Corporation, NNPC, and
LNG Japan Corporation have commenced preliminary discussion on strategic
collaboration on the Brass Liquefied Natural Gas to provide the world’s most
competitive Finance and LNG marketing opportunity in Asia.
The Group Managing Director of the Corporation, Engr. Austen Oniwon while
receiving the LNG Japan Corporation team led by the President and CEO, Mr.
Yasunori Takagi, when they paid him a courtesy call at the NNPC Towers,
Abuja, stated that Nigeria as a country is endowed with enormous gas
resources and the Government is determined to develop the resources.
He expressed the willingness and readiness of the NNPC to collaborate with
LNG Japan Corporation in the value chain and urged them to expedite action
as the Federal Government has given the NNPC a timeline for the Final
Investment Decision on the LNG projects.
“Japan LNG Corporation is welcome into Nigeria and NNPC as a major
stakeholder in all the LNG projects in the country is willing to partner
with you and do business that will be of mutual interest to both parties,”
Engr. Oniwon informed.
The NNPC helmsman expressed the hope that when the petroleum Industry Bill
currently before the National Assembly is passed into law, the Corporation
would transmute into a ring fenced organization that will play in the
international hydrocarbon market like other National Oil Companies.
He urged Japan LNG Corporation to serve as a vehicle that will help in
linking the NNPC to other Gas markets in the Asian Continent, noting that
there is room for expansion up to train 7.
The NNPC GMD congratulated the President and CEO of LNG Japan Corporation
for his appointment and encouraged him to brace up for the challenge in the
hydrocarbon industry.
Speaking in a similar vein, the Group Executive Director Gas and Power,
Engr. Voka Mukoro, assured of the preparedness of the Corporation to ensure
the smooth take off of the transaction and called on LNG Japan to be frank
and open as the business framework is being developed for the mutual benefit
of Nigeria and Japan.
Earlier, the President and CEO of LNG Japan Corporation, Mr. Yasunori Takagi
lauded NNPC for selecting LNG Japan Corporation as a strategic Investor and
expressed their willingness to participate in the realization of Brass LNG
which will have a pump-priming effect on the increase of other Japanese-led
investments in Nigeria
