Desirous of making the Brass LNG project in Bayelsa state work, the Senate Tuesday invited the management of the Nigerian National Petroleum Corporation (NNPC) and to brief its Committee on Gas on the extent of implementation of the project which has dragged for long.
The decision was reached sequel to the consideration of a motion sponsored by Senator Biobarakuma Degi-Eremienyo (APC, Bayelsa East) which also dwell on an enabling environment that will allow a reputable oil and gas companies 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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