Tag: LNG

Tinubu backs execution of $5bn floating LNG project

Aminu Imam

…7,000 direct new jobs in the offing President Bola Tinubu has supported the implementation of a $5 billion floating Liquefied Natural Gas (LNG) project in Nigeria. The President gave the backing yesterday, when he received a group of joint venture partners made up of UTM FLNG, TECHNIP Energies and JGC Corporation in his office at the State House, Abuja. Addressing newsmen after the meeting with the president, leader of the delegation and Group Managing Director (GMD) of UTM FLNG, Julius Rone, disclosed that the multi-floating LNGs are being implemented with…

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Industrial Crisis: NLNGs $10bn Train-7 threatened, as Daewoo shuts down site

Aminu Imam

The scheduled completion of the Nigerian Liquefied Natural Gas Train-7 Project may be stalled, following the lingering labour dispute between members of the National Association of Plant Operators and the management of Daewoo E&C Nigeria Limited. The South Korean firm, Daewoo, has been in an industrial crisis with its workers, who are protesting the refusal of the company to allow them to unionise under NAPO. They alleged illegal deductions of check-off dues from their salaries and dismissal of 24 of their colleagues. Following the dispute, the management of Daewoo Engineering…

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VAT windfall: Gov. Wike eyes $750m for Rivers govt. from $10bn NLNG Train-7 project

Aminu Imam

Apparently unfazed by the Abuja Court of Appeal judgment which restrained Rivers State government from collecting Value-Added Tax (VAT) and sundry taxes yet in the State, Governor Nyesom Wike has set eyes on his administrations collection of $750million proceeds expected to accrue from the $10billion Nigerian Liquefied Natural Gas (NLNG) Train-7 development. In a statement issued yesterday, by his Media Aide, Kelvin Ebiri, over Sundays send-off ceremony in Port Harcourt for out-gone NLNG Managing Director, Tony Attah, the Governor was quoted as saying that, the 7.5 VAT from the NLNG…

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