Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of NLNG Limited’s vessel by the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged violation of the Cabotage Act, THISDAY has learnt. It was gathered that the detention of ‘MT Navigator Capricorn,’ the only vessel that supplies […]
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The Nigerian National Petroleum Corporation (NNPC) has explained why it withdrew $1.05billion from the Nigeria Liquefied Natural Gas (NLNG) dividend account, stressing that Section 7 of the NNPC Act empowers it to make such withdrawals. The cash was used to support importation of premium motor spirit (PMS) or petrol, which is highly subsidised at the […]
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The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account by the Senate, clarifying that there was nothing illegitimate about it. In a statement, the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, said the clarification was made […]
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There are indications that demand for Liquefied Petroleum Gas (LPG), has increased in Nigeria as price of the commodity dropped by 5 per cent. A market survey in Lagos and its environs by Vanguard over the weekend showed that 12.5kg which went for ₦4, 000 in the second week of November, 2018 dropped to ₦3, […]
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Managing Director of the Nigerian Liquefied Natural Gas, NLNG, Bonny, Rivers state, Tony Atah has said delayed development of Train7 of the company stifled the nation’s rating among global gas producers. He however expressed optimism that Nigeria would soon fast track its catch-up with bigger global leaders in the gas industry as the Train7 development […]
Read More Nigeria Liquified Natural Gas Limited, NLNG, yesterday, said it has spent a total of ₦2.7 billion on interventions in education through scholarships since 1998. The company disclosed this at its first NLNG Scholars Day in Port Harcourt, Rivers State. It awarded fresh scholarships and honoured past beneficiaries including a visually impaired man, Ibiere Jumbo, who […]
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Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26 per cent minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities. In a statement made available to correspondence, Total stated, “In parallel, Total has signed an agreement […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has tasked the board and management of Nigeria LNG Limited to expand the production volumes beyond what Train 7 will bring. Kachikwu said that the expansion is necessary to catch up with other countries, secure a significant share in the global LNG market and help […]
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The Nigerian Liquified Natural Gas (NLNG) will require investment of about $12 billion to fund the construction of two new processing units, known as trains. The terminal currently has six smaller trains in which gas is compressed and cooled to 258 degrees below Fahrenheit (minus 161 Celsius), before being piped as LNG onto ships at […]
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The Nigeria’s Vice President, Prof Yemi Osinbajo on Thursday called on global investors to latch on opportunities inherent in the nation’s oil and gas sector, saying the Muhammadu Buhari administration remains committed to deepening international partnerships to grow the economy. Osinbajo, while declaring the maiden edition of the Nigerian International Petroleum Summit (NIPS) close in […]
Read More Nigeria earned N397 billion from the export of Liquefied Natural Gas, (LNG) and Liquefied Petroleum Gas (LPG), also known as cooking gas, in the third quarter of 2017, data obtained from the National Bureau of Statistics, NBS, has revealed. The NBS in its Third Quarter 2017 Foreign Trade Statistics, stated that the country exported LNG […]
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A delegation from Ghana’s National Petroleum Authority visited the management of Techno Oil Ltd. in Lagos on Friday to seek collaboration on Liquefied Natural Gas and cylinder marketing in Ghana. The leader of the delegation, Mrs Sheila Abiemo, told reporters that the Ghanaian government was sourcing ideas from some countries, including Nigeria, to help Ghana […]
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