The Nigeria LNG Limited fresh from signing its decision on Train 7 Final Investment, a project that will increase its tonnage by 35 per cent, said it had paid more than US$13bn to the federal government in its 31 years of existence for feed-gas purchase, US$7bn in dividends and US$8bn in taxes
The NLG is owned by the Nigerian governments represented by the Nigerian National Petroleum Corporation (49 per cent), Shell (25.6 per cent), Total Gas Electricite Holdings France (15 per cent) and Eni (10.4 per cent).
“Thirty-one years ago, our founding fathers achieved the realisation of what was previously an elusive dream,” the NLNG said. “The Nigeria LNG was incorporated on this day, paving the way for the rise of one of Africa’s most successful and leading brands.”
“We have recorded many milestones within 31 years of incorporation and over 20 years of production. With a 22 MTPA six-train plant on Bonny Island, the NLNG has reduced gas flaring from 65 per cent to less than 20 per cent and generated over US$108bn in revenue.”
“We look to the future with the NLNG Train 7, increasing our capacity by 35 per cent. This will make our market presence stronger and generate more value from the over 200 tcf of gas reserves in Nigeria.”