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Nigeria exports 3000th cargo of Liquefied Natural Gas to Turkey

08 January 2014, 20:45

Lagos -The Nigeria LNG Limited (NLNG) on Tuesday said it exported its 3000th cargo of Liquefied Natural Gas (LNG) from the Bonny Island Terminal in Rivers to Turkey.

This is contained in a statement issued by Kudo Eresia-Eke, the General Manager, External Relations of the company.

The statement said that the cargo’s destination was Marmara LNG Terminal for Botas Petroleum Pipelines Corporation in Turkey.

It also quoted the company’s Chief Executive and Managing Director, Babs Omotowa, as saying that the company had attained a laudable feat.

 Omotowa said, "It demonstrates what is possible as a result of a shared vision within our company.

“From the export of its first LNG cargo on October 9, 1999, delivered to Montoir LNG Terminal, France, Nigeria LNG has grown to be Africa’s largest single private sector industrial investment.”

It said that the company was safely and reliably supplying about seven percent of total world LNG demands.

“Before the commencement of operations, 75 per cent of the 2.6 billion cubic feet of associated gas produced by oil companies operating in Nigeria was being flared.

“From initial investment of some $2.5 billion, the Federal Government has earned over $25 billion in dividend, feed gas purchase revenues, taxes and duties,’’ the statement said.

It said that the company also contributed significantly to national wealth and the economies of states in which it operates, through payment of 30 percent Company Income Tax and other applicable taxes and tariffs.

"It brings Nigeria’s total share of NLNG’s profit to about 70 percent.

“The company has also set aside supplies of about 250 000 tonnes of cooking gas for the Nigerian domestic market the statement said.

-          NAN


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