The Train7 project initiated by the Nigeria Liquified Natural Gas (NLNG) Limited, when implemented,  is set to increase the country’s wealth as well as improve potential foreign investments.

The planned project, which has been in its development phase for over a decade will pull in substantial investments by increasing the plant’s LPG output from 20million to 30million per annum. To achieve this, about $7bn is required to finance the construction for the train7 project as well invest in the upstream sector to ensure continuous supply of gas feedstock to the previous trains 1-6 as well as for train7.

An increase in LPG production from NLNG has significant long term effects. From inception, NLNG has generated over $90bn in revenue and has paid out $16bn in dividends, paying the Federal Government over $12bn in payments and taxes; and has embarked on Corporate Social responsibility initiatives worth about $200bn.

The NLNG has received significant support from various fronts in its expansion efforts, due to its excellence as an organization and the value that the company has created in increasing the nation’s LNG market share, increasing LPG domestic utilization and the stakes that the Federal Government has in it. This gives the NLNG full backing from all relevant stakeholders.

The above efforts are set in hopes of NLNG building the country into a thriving economic powerhouse. Privately owned energy companies such as Luxxorgas and LuxxorPower, are making groundbreaking efforts in positioning themselves to be able to the distribute and commercialize  commercially sensible hydrocarbons and other power sources in West Africa