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 […]
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The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has warned the promoters of the new Train 7 plant being implemented by NLNG Limited against any attempt to circumvent the provisions of the Nigerian Oil and Gas Industry Content Development (NOGCD) Act of 2010 in the $7 billion project. The Shell-run company […]
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Senate President, Bukola Saraki, has said that the Senate, on resumption of plenary, would probe the claim that the Nigerian National Petroleum Corporation, NNPC, diverted the dividends from the Nigerian Liquified Natural Gas, NLNG, to defray the cost of under-recovery in the importation of fuel. Saraki, while reacting to questions from newsmen at the Ilorin […]
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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Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day. The corporation disclosed this in a statement signed by its spokesman, Mr Ndu Ughamadu, in Abuja on Tuesday. Ughamadu said that the refineries would be located at the Western Forcados Area and Assah […]
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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 Nigeria Liquefied Natural Gas (NLNG) Ltd., says its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will make Nigeria the 3rd World largest gas exporter. The NLNG General Manager Production, Mr Tayo Ogini, said this on Saturday while making a presentation on the facility located at Bonny […]
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The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (₦1.98 trillion) loan on Train 1 to 6 investments. Mr Andy Odeh, the Manager, Communications and Public Affairs of NLNG said Dr Maikanti Baru, the Group Managing Director of NNPC made the commendation in […]
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