Nigeria LNG Limited is taking major steps at sustaining its reputation as a safe reliable and secure supplier of Liquefied Natural Gas (LNG) and Natural Gas Liquids (Condensate and LPG) worldwide.
Managing Director and Chief Executive Officer of the Company, Tony Attah made this disclosure when the company hosted the ambassadors of The Netherlands and Spain at its Plant Complex in Bonny.
Sharing the NLNG business model and success rating with the visiting Diplomats, Attah said NLNG has capacity to load and safely deliver over 300 cargoes of its products to buyers around the world annually from its six-train 22mtpa LNG nameplate production capacity and 5mtpa NGLs production capacity.
He said NLNG is currently number 4 amongst the top LNG exporting nations in the world (as at 2016) with seven percent of the global market share.
According to Mr Attah, “Nigeria is largely a gas country with little oil. There are huge economic prospects in investments to utilise the proven and unproven reserves, to solidify the country’s positioning in the international LNG space and also to serve the country’s growing domestic needs for power and industry.
“NLNG believes that we can and must do more by convincing Nigeria that the future is Gas. We need to invest more in Gas Development. If we do nothing, we will drop our global rating in the list of Gas nations.”
”We are working to grow our operations through the expansion of our plant by building Train 7. This will increase our production capacity by about 36% from 22MTPA to 30MTPA, boost revenue to the Federal Government and our shareholders; further help to monetize Nigeria’s gas and create about 10,000 jobs at the construction phase.” Attah added.
He also enumerated the company’s unique CSR initiatives geared towards its aspiration of turning Bonny, its major host community into a tourist haven with an annual contribution of N3bn for the development of the Island over a period of 25 years.
According to him, this ambition will benefit other neighboring riverine communities as well, with the completion of the Bonny-Bodo road project for which NLNG is contributing 50% of implementation cost in partnership with the Federal Government.
Mr. Attah thanked the visiting diplomats for their unflinching support to the NLNG advocacy against proposed NLNG Act amendment.
In their separate responses, the Ambassador of the Netherlands, H.E Robert Petri and Ambassador of Spain, H.E Marcelino Ansorena, commended Nigeria LNG for its outstanding commitment to the development of the gas sector and the host community, Bonny.
H.E Robert Petri of the Netherlands commended the entrepreneurial spirit of Nigerians and gave assurance of his country’s support for the development of the private sector to create more business opportunities and jobs in the country. While his counterpart. H.E Marcelino Ansorena of Spain lauded NLNG’s commitment to the development of Bonny Island, as well as the company’s global listing as an Anti-Bribery and Corruption compliant company. He regarded the facility visit as a wonderful opportunity for economic diplomacy between the company and companies in his country.
Also in attendance at the facility visit were members of NLNG Senior Management Team including the Deputy Managing Director, Alhaji Sadeeq Mai-Bornu and the General Manager Production; Mr. Tayo Oginni as well as the Government Relations Manager, Salem Sallam.
NLNG remains the single largest supplier of LPG (over 50%) in Nigeria and is working at encouraging expansion of the sector to boost access to domestic LPG at affordable cost.
NLNG is owned by four shareholders, namely, the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V. S.àr. l (10.4%).