Henry Omoregie was part of the NLNG construction history from the
scratch including piping,electrical and safety supervision.He said NLNG
was built (first 2 trains) for 3.8 billion USD. With an additional
train, it shot up to 4.2 billion USD with plans to expand to about 7
trains on hold, it should (construction-ly speaking) worth about 10 - 15
billion USD or so. That is less than the billions of dollars figures
the APC-led Nigeria has been bandying about, as recovered loot.
The JV agreement is shared 49% for Nigeria (NNPC) and the rest 51% by Shell, (biggest share of the other 3 at about 25%) Agip (ENI Group) and Total (then TotalFinaElf).
He said he understands during his sojourn in Bonny Island, that the plant would be wholly NNPC's after 22 years (counting from 1999 or just before). That means in 2021, 51% becomes an addition to the 49% = 100% Naija-owned.He also said the most expensive single ''asset'' in Nigeria and Africa today is the NLNG Plant in Bonny Island, Rivers State Nigeria.
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