A team from Nigerian Investment Promotion Commission (NIPC), led by the Executive Secretary, Ms Yewande Sadiku visited Nigeria LNG Limited, Bonny, Rivers State on Thursday, for a meeting with the CEO of NLNG, Mr Tony Attah. The visit allowed the team to share NIPC’s mandate and strategic plans, see NLNG’s impressive facility and discuss how the agency can support NLNG’s current business and expansion plans with its proactive aftercare service. Ms Sadiku also delivered the keynote address at an event organized by the NLNG Women Initiative Network to celebrate International Women’s Day.
NLNG is a strategically important company in Nigeria. The visit officially flags off NIPC’s plan to proactively engage the top 100 companies in Nigeria, to ensure that it better understands their challenges and prospects and can better support them with its aftercare and policy advocacy work. NIPC intends to profile a number of these companies in celebration of their contributions to the Nigerian economy.
NLNG was established in 1989 to harness Nigeria’s vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export. The Company largely uses associated gas volumes which would otherwise have been flared, thus helping to reduce environmental damage. With six trains currently operational, the NLNG complex is capable of producing 22 million tonnes per annum (mtpa) of LNG, and 5 mtpa of NGLs from 3.5 billion (standard) cubic feet per day (bcf/d) of natural gas intake. NLNG supplies LNG to the European, South American and Far East markets. The company is 49% owned by NNPC and 51% owned by Shell, Total and Eni. It makes significant contributions in dividends and taxes to the Nigerian economy.
Nigeria is the fourth largest exporter of LNG in the World.