Ijeoma Agudosi/Joseph Bakare
The Chairman, Brass Liquefied Natural Gas, LNG, Limited, Jackson Gaius-Obaseki, has allayed fears that the project could be affected as a result of dwindling oil price.
He said the project will go on but certain modifications will be carried out to ensure it succeeds.
Gaius-Obaseki, said that the low price of crude oil in the international market will not adversely affect the realisation of the LNG project, and that the dwindling oil price only led to a review that would help increase viability and bring down the cost of the project.
This was in the face of fears that the low oil price might have made the project, which is capable of generating over 10,000 jobs and around eight million metric tonnes of gas, not to be economically viable.
Speaking at the 11th Annual General Meeting of the company in Abuja, Gaius-Obaseki also stated that the cost of the project had been reviewed downwards, while the project could commence with a single train and an eye on the second train thereafter.
