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
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
“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.