The much publicised Final Investment Decision (FID) for train 7 of the Nigeria Liquefied Natural Gas (NLNG) limited that was anticipated to take place this month will not happen again, sources have indicated.
The reason is that the exercise will not take place until after the completion of the Front End Engineering Design (FEED) which is expected to give investors a fair idea of what would be needed financially to complete the project.
The non-signing of the FID however does not mean that other commitments or activities that would facilitate the construction of the plant are not going on behind the scene, a source close to the company said.
Expectation that the FID was going to be signed by the end of the year was high shortly after the contract for the FEED was awarded in July this year.
Source: Business Day