Monday 24th July, 2017
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NLNG exports landmark 4,000th cargo

NLNG exports landmark 4,000th cargo

The Nigeria Liquefied Natural Gas Limited (NLNG) has reached another major milestone with the export of its 4,000th cargo of Liquefied Natural Gas (LNG) from the Bonny Island Terminal in Rivers State.
 
Shipped through one of its chartered vessels, LNG Sokoto, the cargo, sold to Botas Petroleum Pipeline Corporation, is estimated to arrive May 14 at Mamara LNG Terminal of Turkey, which also received the company’s historic 3,000thcargo three years ago. NLNG exported its first cargo on October 9, 1999, to Montoir LNG Terminal, France.
 
Meanwhile, the company plans to expand its production capacity at its six-train plant complex, the fourth largest LNG plant in the world, from 22 million tonnes per annum (mtpa) to 30 mtpa, according to a statement by the General Manager, External Relations, Dr. Kudo Eresia-Eke.
 
These are expected to stimulate the development of the nation’s vast gas resources and attract about $15 billion of foreign direct investments (FDIs) in the upstream alone and another $10 billion in the construction of the trains, the statement added.
 
The Managing Director and Chief Executive, Mr. Tony Attah, said the recently achieved milestone was down to the company’s shared vision “of helping to build a better Nigeria; our core values of integrity, teamwork, respect, excellence and care; the commitment of our staff; and the cooperation from government and shareholders and other stakeholders, including our loyal customers.
 
“This milestone symbolises many things. It signifies that NLNG remains a successful company. At 4,000th cargo, we have shown the world that NLNG is a world-class company safely and reliably delivering clean energy to its customers.
 
“Secondly, and most importantly for Nigeria, it shows that it is time for gas; it is time to encourage this success story. This is the time to unleash the country’s gas potentials through catalysts like Trains 7 and 8 to spur industrial and economic transformation.
 
“NLNG is a success that we need to sustain as an inspiration to the country. It has generated $90 billion in revenue as well as paid $5.5 billion in taxes. The company has generated $13 billion for the Federal Government through feedgas purchases and $15 billion in dividends."

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