Buhari charges IOCs on gas exploitation as train 7 commence

President Muhammadu Buhari, has charged the International Oil Companies (IOCs) to execute more gas projects in the nation to harness the over 600 trillion cubic feet of proven gas reserves in the country.

The President gave the charge yesterday, at the virtual groundbreaking ceremony of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project in Bonny Island, Rivers State.

He said, the Gas Initiative, which was recently launched, will transform Nigeria into a major gas and industrialised nation with gas playing the key role as revenue earner, fuel for industries and necessary feed for petrochemicals and fertiliser plants.

He therefore urged the firm to ensure that the Train 7 is delivered speedily to pave the way for the commencement of the Train 8 project.

The President stated, “As we flag off the Train 7 project today, I look forward to the development and execution of more gas projects by the International Oil Companies (IOCs) and indigenous operators, and more Trains from Nigeria LNG to harness the over 600 trillion cubic feet of proven gas reserves we are endowed with.”