Development is based more on external factors, specifically on the activities of the multi-national oil and gas companies; where Finima continues to attract development projects of international importance, and remains a key feature of national economic policy and emerging as perhaps the most important single industrial enclave in the country.

The Bonny Utilities Company generates and supplies electricity to Finima community and the Bonny urban area which are the key urban settlements in the region. Electricity is generated by the SPDC from a gas turbine dedicated to the project. However, the distribution system is managed by an expatriate staff of the NLNG.
The export market for Nigerian natural gas started in 1999 after the construction of the LNG plant, located in Finima. It was built primarily on reclaimed land. Developed to be one of the world’s major exporters of LNG, the plant site has a capacity to accommodate more than eight Trains. The base project with two trains was completed in August 1999. An expansion project with one Train and associated LPG facilities was finished in November 2002. Development work on the fourth and fifth Trains started in 2003 and was completed in 2005. The sixth Train is almost completed while the seventh Train will soon commence. Nigeria LNG currently provides 7 per cent of the world’s LNG requirements. This figure has risen to 13 per cent when the fourth and fifth trains came on stream, making the country the world’s third largest exporter of LNG.

Presently arrangements have reached an advance stage to build a 7th as earlier mentioned and possibly 8th Trains which will further boost Nigeria's gas exports and contribute to her foreign earnings.
 


 

Official Website of Finima Town | Bonny Kingdom | Rivers State | Nigeria
Please send comments and suggestions to
info@finima.net
         Copyright © 2007