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NLNG’s CSR programs inspire Korea

Dr. Kudo Eresia-Eke, NLNG’s General Manager, External Relations in a group photograph with South Korean Embassy officials and representatives of the South Korean Business Community in Nigeria
Dr. Kudo Eresia-Eke, NLNG’s General Manager, External Relations in a group photograph with South Korean Embassy officials and representatives of the South Korean Business Community in Nigeria

Upon request by The Embassy of South Korea, Nigeria LNG Limited (NLNG) recently gave a presentation on its model of corporate social responsibility (CSR) to the country’s Business Community in Nigeria, revealing strategies and key CSR success factors of the company.
The invitation of the Embassy was inspired by the enviable impact of NLNG’s efforts in improving the lives of its host communities and numerous other stakeholders in the country.
Speaking at the presentation, Dr. Kudo Eresia-Eke, NLNG’s General Manager, External Relations, said the main secret to the company’s CSR success was its commitment to being a trusted partner with all its stakeholders for the sustainable development of Nigeria and its host communities.
Dr. Eresia-Eke attributed NLNG’s success to its corporate values of Integrity, Excellence, Teamwork and Caring, especially the company’s ability to listen to the stakeholders, learn from them, be fact-based, think sustainability and put the people and country first in all its CSR considerations.
Dr. Eresia-Eke said,‘We are pleased for the opportunity to present our CSR model to the leadership of the Korean Embassy and business community. We view the invitation to do so as welcome recognition of the unique and effective projects we run in the communities and elsewhere as part of our corporate vision of a global LNG company helping to build a better Nigeria.”
Dr. Eresia-Eke illustrated with some of the company’s programs/projects including sponsorship of the most prestigious literary and science prizes in Africa, The Nigeria Prize for Science and The Nigeria Prize for Literature which come with cash prize of $100,000 each; the $12 million University Support Programme through which it is implementing the construction and equipping of engineering laboratories in six selected Nigerian universities drawn from the country’s geo political zones, to mention a few.
The General Manager also paid glowing tributes to NLNG’s host communities for their support and cooperation in providing the conducive environment for the company to do business, and actualize its CSR initiatives.
The Korean Ambassador to Nigeria, His Excellency, Noh Kyu-duk, who led the delegation of top Korean diplomats and senior executives of the major Korean companies in Nigeria commended the CSR work of the company and thanked the company for honoring its invitation.
Korean companies represented at the presentation included Samsung, Daewoo, Hyundai, and Korean Energy Management Company Limited (KEMCO).
Nigeria-South Korea trade and bilateral relationship have continued to grow since the formal establishment of ties in 1980. Today, the volume of trade between both countries has risen to over $4 billion, while Nigeria has also become South Korea’s 52nd largest export market and its 30th biggest source of imports.
Only recently, Nigeria LNG acquired six new build Dual Fuel Diesel Electric vessels from South Korea’s Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) at a cost of $1.6billion.
NLNG is owned by four shareholders, namely, the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49%), Shell Gas BV, SGBV, (25.6%), Total LNG Nigeria Limited (15%), and Eni International (N.A,) N. V. S. a. r. l (10.4%).

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  1. PRESS RELEASE
    Dated : 07-07-2016

    “Hyundai Heavy Industries Co. Limited also shown Interest in Fox Petroleum’s Project to Develop Karnataka for FSRU LNG TERMINAL”

    Fox Petroleum Group of Companies with interest in Oil and Gas sector, Power Generation and Distribution is one of the leading Company in its chosen field; With its core purpose of its existence to “Make India a No Dark Zone”, Fox Petroleum tries to explore – what change should India make in order to offer more secured energy future? intends to create a strong Storage and Transportation Infrastructures like FSRU LNG Terminals, Oil & Gas Pipelines, Oil storage Bunkers, Oil Refineries and further Gas based Power Plants in India followed by creating avenues for manufacturing industry in the lines of Government of India’s “Make in India” Campaign. It believes that by such Storage and Transportation infrastructure will boost the Gas based Power Plants for producing More Power at low cost and the Generated Power can be used for development of manufacturing industry across the sectors.

    We have received Letter of Interest from Hyundai Heavy Industries Co. Limited, Dubai Office to work on FSRU LNG TERMINAL KARWAR (Karnataka), India; We have sent official invitation to Hyundai Heavy Industries Co. Limited, Dubai; And, We have already officially invited – SAMSUNG HEAVY INDUSTRIES CO LTD, KOREA to work on FSRU LNG Terminal Karwar, Karnataka; Initial negotiations is in progress; Where Memorandum of Understanding is signed between M/s. Fox Petroleum Ltd an Indian arm of Fox Petroleum Group of Companies and The Government of Karnataka (In the presence of Hon’ble Minister Large, Medium Industries & Tourism Government of Karnataka); Total amount of LNG will be gasified per year from terminal expected 7.2 Million MT Per Year that will make it Asia’s Biggest LNG Terminal.

    Fox Petroleum FSRU LNG TERMINAL (FP-FLNGT) will be managed by Fox Petroleum FSRU LNG TERMINAL (FP-FLNGT) Team. It will be Karwar’s second busiest port but in LNG, handling about 35% of nation’s LNG Cargo. The Site is located in an old channel of the Karwar, Karnataka. The total area for the Port comprises of 100 acres onshore storage, with an adjacent 11,000 acres (45 km square) industrial estate. FOX PETROLEUM FSRU LNG TERMINAL (FP-FLNGT) is located at a distance of about 50 km from city centre district administration and 15 km from National Highway.

    Scope of work : Fox Petroleum FSRU LNG TERMINAL (FP-FLNGT) will be first industrial cum Commercial port operator under private ownership concept as per FOX PETROLEUM FSRU LNG TERMINAL (FP-FLNGT) Board Order; i. Design, finance, insure, construct, test, commission, complete, operate, manage and maintain dedicated Floating/Offshore LNG Terminal at Fox Petroleum FSRU LNG TERMINAL (FP-FLNGT) financed on build, operate and transfer (BOT) basis. Financing is “Optional to Bidder”.

    The general goal of this project is to extend the energy sources to ones that maintain a cleaner and more sustainable environment, a source of energy that is less voluminous and can be transported in big quantities to other parts of the Country. In this paper we present more informations about regasification unit requirement minimum as per our plan. Requirements expressed to the interested parties:

    Option -I x 3:- FSRU will be placed offshore, 4-8 [km] from the shore; Storage capacity: 135.000 [m3 ]; FSRU specifications: Length 289 m; Beam moulded breadth=48 [m]; Deadweight 82100 [t]; Draft 12.5 [m]; Gross tonnage 115000 [t]; Net tonnage 34550 [t]; Minimum depth for offshore mooring an FSRU is 15 [m]; Minimum depth for pierside or jetty mooring is > 14 [m]; Proposed Designed for Karwar (Karnataka)waters are considered very suitable; Design lifetime: 30 years at location; Regas send out requirements: minimum rate 50 [t/h]; maximum rate 250 [t/h; Vaporizers: with propane and sea water; Steam from existing ship boilers used for regas; Fuel consumption 50 [t] LNG per day /100% regas capacity;

    OPTION –II x 2 : to the FSRU Suppliers; The cargo tank capacity class ranges from 80-km3 to 200-km3, allowing designs that meet various customer needs. The particulars for a 177-km3 FSRU are introduced in the letter to SHI and HHI. This CERV is designed based on a conventional 177-km3 LNG carrier and its main dimensions remain the same through the effective utilization of deck space.

    MoU Signed to achieve the following objectives: (a.) The Company proposes to set up Floating Storage Regasification unit with Storage Capacity Plant of LNG, in Karnataka with an investment of Rs 7000/- crores. (b). The Government of Karnataka will provide the requisite support for implementation of the above project in the State. (c) Create 3000 New Jobs with guarantee to hire 90% local youths.

    The project will be developed in Karawar District of Karnataka; India. Floating Storage Regasification Unit (FSRU) LNG Terminal Offshore to process 1 billion cubic feet (bcf) of gas per day and a storage capacity of 330,000 m3 of LNG Onshore and same capacity Offshore to cater the Energy Need of the State of the Karnataka (India);

    Fox Consultancy Services Team with provided with the unit cost of each terminal component for three shipyards in Korea, Japan, and Spain respectively. At current market prices, Spain is the least-expensive location. The total cost for constructing the FSRU estimated as US $563 million only offshore and onshore US $495 Million. Proposals are invited from well reputed Foreign Companies in Engineering and Management in venture with their local India counterpart, to assist FOX PETROLEUM FSRU LNG TERMINAL (FP-FLNGT) in the implementation of LNG projects from Ports’ perspective while detailed designs, studies & surveys etc shall be the responsibility of Proponent LNG Developer Company not The Fox petroleum. The bidder shall be knowledgeable & experienced in Port planning, shipping and with adequate expertise in import LNG terminals, QRA and other required studies. Selection of firms will be based on merit, reputation, and experience in; LNG Terminals, works defined in scope of services and current procurement methods for projects on BOT Basis. This Guideline document shall outline procedure and instructions for the proponent bidder to prepare and submit their proposals and to all those activities on basis of which a proposal shall be evaluated.
    We will update again on 15 August 2016 about the Name of The SUPPLIERS Contractor, who will be shortlisted among the worlds seven most reliable developer of FSRU TERMINAL to develop “Asia’s Biggest Capacity FSRU LNG TERMINAL”.

    Thank You.

    Sincerely yours,

    John Raciti

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