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Nigerian Senate invites oil and gas companies NNPC and LNG over Brass project Updated for 2021

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Updated: February 26, 2021

The Nigerian Senate on Tuesday invited the management of the Nigerian National Petroleum Corporation (NNPC) and the Brass LNG to brief the Committee on Gas on the extent of implementation of the LNG project in Brass Island, Bayelsa State.

The decision was reached sequel to the consideration of a motion sponsored by Senator Biobarakuma Degi-Eremienyo (APC, Bayelsa East).

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The upper chamber, in its resolutions, also urged the Federal Government to create an enabling environment for reputable oil and gas companies to take over seventeen percent shares each previously owned by Conoco Philips and Total.

Senator Degi-Eremienyo, in his motion, recalled that the Brass LNG is a green field project established to operate Liquefied Natural Gas Plant located in Brass Island, following an agreement signed in 2003 by NNPC with forty-nine percent shares; and Conoco Philips, Total and ENI International, with seventeen percent shares each.

He added that the Brass LNG project had suffered several setbacks occasioning unnecessary delays in the signing of her Final Investment Decision (FID) which led to the di-investment of two shareholders, Conoco Philips and Total.

According to him, the moribund state of the Brass LNG project could rightly be described as “consciously organised sabotage by several stakeholders including NNPC through diversion of funds budgeted and provided for the execution of the project.”

Meanwhile, the Senate on Tuesday also urged the Federal Ministry of Aviation and relevant authorities to upgrade the Ibadan domestic Airport to the status of an International Airport.

The call was made sequel to the consideration of a motion sponsored by Senator Kola Balogun (PDP, Oyo South).

The lawmaker noted that the presence of an International Airport will complement the activities of the Ibadan inland dry port and accelerate the derivation of the expected socio-economic benefits from the inland dry port.

According to Balogun, an International Airport in Ibadan will enhance efficient and effective movement of goods and people from Nigeria and across the world, as well as reduce pressure on road infrastructure within Oyo and adjoining states.

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