The Nigerian National Petroleum Corporation (NNPC) has announced the attainment of a two-year record spike in gas supply to power generation, which hits 854.40million Standard Cubic Feet of gas per day (mmscfd) for March 2018, translating to an equivalent power generation of 3,492MW. Details of the March 2018 National Gas Production figures contained in the […]
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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 House of Representatives on Wednesday asked the Federal Government to suspend its planned sale of the Nigerian Liquefied Natural Gas Limited. It described the NLNG as one of the most successful and lucrative investments of the government, which should be left to run as a major public asset. Nigeria has 45 per cent stake […]
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The Managing Director of Nigeria Liquefied Natural Gas Limited (NLNG), Tony Attah, has said Nigeria must unleash its gas potential and support the company’s expansion programme, Train 7 project, in preparation for a world that is fast making efforts to reduce its fossil fuel consumption and minimize carbon footprint. Attah spoke at the second West […]
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The Nigerian Extractive Industries Transparency Initiative (NEITI) has tasked the Nigerian National Petroleum Corporation (NNPC) to fully account for $16.8 billion dividends derived from the Nigerian Liquefied Natural Gas (NLNG). The agency also urged the Federal Government to ensure the proper metering of oil facilities and the recovery of $3.7 billion outstanding revenues from the […]
Read More The nigeria Liquified Natural Gas (NLNG) has identified railway as a viable option to achieve deeper distribution of Liquified Petroleum Gas (LPG) and boost its local consumption. Specifically, it says Port Harcourt offers such opportunity for the expansion of the LPG distribution market to the East and the North via the railway network, adding, however, […]
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The Nigeria LNG Limited, on Monday, said it had formally issued a demand notice for $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency. According to correspondence, the NLNG said in a statement that the sum represented the payments it made under protest to the agency since 2013, as well as direct and […]
Read More The Nigerian Liquefied Natural Gas, NLNG, has engaged local contractors to paint, supply cables and carpentry works required to build $1.6 billion ships. The six vessels are being constructed by Samsung Heavy Industries, SHI, and Hyundai Heavy Industries, HHI, in South Korea. In an interview with newsmen in Lagos, the General Manager, External Relations, NLNG, […]
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The past Managing Director and Chief Executive Officer, Nigeria Liquefied Natural Gas Limited (NLNG), Babs Omotowa, yesterday revealed that NLNG lost $475 million when Nigerian Maritime And Safety Agency, NIMASA, blocked its export from Bonny Island for 22 days. Omotowa, however, expressed delight over the ruling of the Federal High Court, vindicating his company, but […]
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In a CORPORATE ANNOUNCEMENT signed by the United Bank for Africa’s Group Head, Marketing & Corporate Communications, Bola Atta, the Group admits that they had remitted fully all NNPC/NLNG dollar deposits. The announcements reads; Our attention has been drawn to the order of the Federal High Court in Lagos directing that seven (7) commercial banks, including […]
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Nearly seven years after its establishment, the Nigerian Content Development and Monitoring Board (NCDMB) is yet to commence the disbursement of about $100 million Nigerian Content Intervention Fund (NCIF) set aside to develop indigenous enterprises. The NCIF has faced consistent criticism from stakeholders in the oil and gas industry, who are lamenting that the NOGICD […]
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The ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas is set to crash by about 20 per cent in the next few weeks. The crash in the price of LPG may not be unconnected with the intervention of the Nigerian Liquefied Natural Gas (NLNG) Limited which plans to invest about ₦150 million […]
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