Nigeria will account for 21.9 mmtpa or 31 per cent of African liquefaction capacity by 2018
According to a report from International Gas Union, African liquefaction capacity stood at 66.8 mmtpa in 2013 and it is expected to rise to 71.5 mmtpa in 2018 with a new liquefaction unit (Train 7) in Nigeria.
Nigeria LNG Limited operates six liquefaction units (LNG trains) producing 21.9 mmtpa of LNG. Train 1, Train 2 and Train 3 have production capacities of 3.2 mmtpa, while Train 4, Train 5 and Train 6 have capacities of 4.1 mmtpa each.
The company has plans to start Train 7 project with a capacity of 8.4 mmtpa in 2015. Thus, Nigeria will increase its share in Africa’s liquefaction capacity to 38 per cent.
Nigeria LNG Limited said in a statement that the Train 7 project is currently under progress and the project is waiting for FDI investments, which is estimated to total more than eight billion dollars.
The global liquefaction capacity stood at 290.7 mmtpa at the end of 2013, up from 282.3 mmtpa in 2012. Currently, Qatar remains to be the largest liquefaction capacity holder with more than 27 per cent contribution globally; Australia is expected to gain the lead in 2017.
