Nation to Lose 1 Million Man-Hours On U.S.$15 Billion LNG Deal

Vanguard

16 August 2011

Nation to Lose 1 Million Man-Hours On U.S.$15 Billion LNG Deal

FOLLOWING the decision by Brass Liquefied Natural Gas, LNG, Company Limited to award contract for the construction of its LNG trains in Bayelsa State to Bechtel LNG Contractors Limited, a foreign engineering company based in the United States, Nigeria may be losing well over one million man-hours of basic engineering jobs to foreigners if the contract sails through.

This amounts to a loss of about $11.2 billion, as the foreign company, Bechtel, had insisted on allowing only 30 per cent of a part of the project value to be handled in-country, thereby negating the basic principles of the Nigerian Content Act.