Message From The Paramount
Chief Of Finima
In order to effectively carry out its mandate, the Finima
Community has established a number of Committees to
assist it in the management of the community process.
There are three (3) kinds of such committeess
Hope For Higher Community
exports from its only liquefied natural gas plant on
Bonny Island rising, Nigeria said this month it expects
to see gas bringing in as much income in 10 years as
oil does today
Olusegun Obasanjo said in an October 1 National Day
objective is to earn as much from gas as we do from
crude oil in the first decade of the 21st century,''
Vast opportunities, rich returns within Nigeria.
Update On NITEL Privitization
As you are aware, the Privatisation of NITEL is the
National Council on Privatisation's flagship transaction,
and the successful completion will signal a vote of
confidence in the Federal Government's reform efforts....
Investing right is a big decision and must be the right
one. Read about the how to become a potential Investor
and get useful tools to aid you.
To provide assistance in the preparation and conduct
of divestiture transactions, BPE routinely engages firms
and individuals as advisers to help in various activities
which include: policy advice; institutional and public
enterprise reforms; sale preparation, transaction and
implementation; management/engineering services; procurement
services; and social and environmental studies.
LNG Limited (NLNG) is a joint venture company established
to design, construct and operate the natural gas transmission
system and liquefaction facility located at Finima on
Bonny Island in the Rivers region in Southeast Nigeria.
A two-train project started up in fourth quarter of
1999 with sales to Italy, Spain, France, Portugal, and
Turkey. Equity participation in NLNG is Nigeria National
Petroleum Corporation (NNPC) 49%, Shell Gas BV 25.6%,
Cleag Ltd. (Elf) 15%, and Agip International BV 10.4%.
Plant design capacity is 5.78 million tons per year
of LNG liquefied into the tanks, which translates into
approximately 7 Bcm equivalent of delivered LNG. Shell
is appointed technical manager of the project through
a Technical Service Agreement.