….. Plans additional N60 billion in some
AdvertisementIn the Niger Delta region, NLNG has committed more than $200 million to Corporate Social Responsibility projects especially in the areas of capacity building and infrastructure development. The Company is ready to further commit some N60 billion to see the Bonny-Bodo road come into reality and also commit N3 billion annually for 25 years to transform Bonny into a destination of choice. All these are achieved with a management staff made up entirely of Nigerians and a workforce which is 95 per cent indigenous
The statement issued by the General Manager, External Relations, Dr Kudo Eresia-Eke, recalled that NLNG exported its first cargo on October 9, 1999, to Montoir LNG Terminal, France. It has since grown to what has been described as Africa’s largest single private sector industrial investment, safely and reliably supplying about seven percent of total world LNG demand.
Speaking on the Company’s achievement, its Managing Director and Chief Executive, Tony Attah, said: “I am excited about this milestone which would not have been possible without the shared vision within our Company of helping to build a better Nigeria; our core values of Integrity, Teamwork, Respect, Excellence and Caring; the commitment of our staff; and the cooperation from Government and Shareholders as well as other stakeholders including our loyal customers.
“This milestone is coming at a crucial time. It symbolises many things. It signifies that NLNG remains a successful company. At 4000th 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 seven and eight 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 revenues as well as paid $5.5 billion in taxes. The Company has generated $13 billion for the Federal Government through feed gas purchases and $15 billion in dividends. While monetising the country’s gas resources, the Company has contributed to the reduction in gas flaring from about 65 per cent before it commenced operations to less than 20 per cent today.
“In addition, NLNG has contributed significantly to the domestic LPG industry, supplying some 40 per cent of the cooking gas available to Nigerian homes and businesses. This intervention continues as part of strategies and initiatives aimed at deepening the availability and usage of cooking gas in the country.
” Nigeria LNG Limited (NLNG), has revealed that it plans to boost production of Liquefied Petroleum Gas (LPG).
Nigeria LNG Limited (NLNG) has so far processed for export and domestic use, more than five trillion cubic feet of associated gas, which previously would have been flared, to liquefied natural gas (LNG) and natural gas liquids (NGLs).
This company said this has thereby helped to preserve the environment and support Nigeria’s economic growth.
NLNG made this known in a statement to announce the exports of its 4000th cargo of LNG from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the Company’s historic 3000th cargo, three years ago.
The cargo shipped on board one of NLNG’s chartered vessels, LNG Sokoto, is sold to Botas Petroleum Pipeline Corporation, and is estimated to arrive at its destination by May 14.,” he added.