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Days To Event 30.8.2017 12:00
You are here: Home News Brass LNG Shareholders, Gas Suppliers Restate Commitment To FID

Brass LNG Shareholders, Gas Suppliers Restate Commitment To FID

In an effort to actualise the Federal Government’s aspiration in gas utilisation and monetisation and generate wealth in the Niger Delta region, shareholders of Brass LNG and gas suppliers have reiterated their commitment to signing the Final Investment Decision (FID) of the project before the end of the first quarter of next year.

The signing of the FID would mark the commencement of construction of the project, which will hugely boost the economy when it begins operation.

Fielding questions from reporters after the Brass LNG shareholders and gas Suppliers meeting at the NNPC Towers, Abuja at the weekend , the Chairman of Brass LNG, Mr. Jackson Gaius-Obaseki, said the project is on track and would meet the expectations of the Federal Government.

Obaseki stated that the meeting was convened to enable Brass LNG shareholders and gas suppliers of the project harmonise their various positions in line with the oil and gas industry requirement the world over.

He said: "This is a match towards Final Investment Decision. We just concluded the gas suppliers meeting and we are going into the shareholders meeting in order to ensure that the Brass LNG FID is met."

Obaseki revealed that the President, the National Assembly and every Nigerian are looking forward to the successful take off of the project and assured of the readiness of all shareholders to ensure that the project comes to fruition.

Speaking in a similar vein, the Group Managing Director of the Nigerian National Petroleum Corporation, Austen Oniwon, congratulated the people of the Niger Delta region over the Brass LNG project noting that the project would generate wealth and create employment for the people of the region.

"I want to congratulate the people of the Niger Delta region because the establishment of the Brass LNG project would lead to the establishment of many more industries in the region," Oniwon said.

He stated that modalities are already being worked out to procure sufficient gas for the project before the Final Investment Decision and assured of the Federal Government’s commitment to the quick take off of the project.

The NNPC chief praised President Goodluck Jonathan and the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke for providing qualitative leadership that would midwife the Brass LNG project and pledged his willingness to justify the confidence reposed in him in piloting the affairs of the corporation in the right direction.

The Managing Director of the Brass LNG Project, Mr. Vincenzo Dilorinzo, noted that there is enough gas in the country to ensure the success of the project saying that from the presentations of the various gas suppliers, all is now set for the FID.

Other shareholders and gas suppliers, who spoke on the viability of the Brass LNG project, expressed their determination to work hand-in-hand to ensure that the FID is on schedule.

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