NLNG Pays $13 B for Gas Purchase

NLNG Pays $13 B for Gas Purchase

Nigeria LNG Limited (NLNG) has paid over $13 billion to the Federal Government for feed-gas purchase since the inception of its operations, the company said on Twitter.

NLNG has also paid over $7 billion in dividends and $8 billion in taxes to the Nigerian government through the Nigerian National Petroleum Corporation (NNPC). The NLNG has supplied 50% of cooking gas in the country, with 100% Nigerian management and 95% Nigerian staff.

The company said, “We have recorded many milestones within 31 years of incorporation and over 20 years of production.

With a 22 million tons per annum (MTPA) six-train plant on Bonny Island, the NLNG has reduced gas flaring from 65%  to less than 20% and generated over 8 billion in revenue.

The NLNG is jointly owned by the Federal Government, represented by the NNPC (49%), Shell (25.6%), Total (15%) and Eni (10.4%).

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