Nigeria LNG Limited has unveiled plans to safely deliver yearly over 300 cargoes of its products to gas consumers globally from its six-train 22mtpa LNG nameplate production capacity and 5mtpa NGLs production capacity.
The company’s Managing Director, Mr. Tony Attah, was quoted in a statement issued by the company’s Manager, Communications and Public Affairs, Andy Odeh, as giving this hint when the company hosted the ambassadors of The Netherlands and Spain at its production facility in Bonny, Rivers State.
Speaking on the company’s business model and success rating with the visiting diplomats, the NLNG boss said that the company now ranked in the fourth position amongst the top LNG exporting entities globally, supplying 7 percent of the global market share.
He clarified: “Nigeria is largely a gas country with little oil. There are huge economic prospects in investments to utilise the proven and unproven reserves, to solidify the country’s positioning in the international LNG space and also to serve the country’s growing domestic needs for power and industry.
“NLNG believes that we can and must do more by convincing Nigeria that the future is Gas. We need to invest more in Gas Development. If we do nothing, we will drop our global rating in the list of Gas nations.”
”We are working to grow our operations through the expansion of our plant by building Train 7. This will increase our production capacity by about 36 percent from 22MTPA to 30MTPA, boost revenue to the Federal Government and our shareholders; further help to monetize Nigeria’s gas and create about 10,000 jobs at the construction phase.” Attah added.
Expatiating on the company’s operations, the industry expert pointed out that efforts were being made by its Board and management of turning Bonny, its major host community, into a tourist haven with an annual contribution of three billion naira for the development of the Island over a period of 25 years.
According to him, this Corporate Social Responsibility (CSR) initiative will benefit other riverine communities.
Attah also spoke of the Bonny-Bodo road project to which NLNG is contributing 50 percent of the project cost.
He commended the diplomats for their support to the NLNG’s advocacy against proposed NLNG (Amendment) Act.
In their responses, the two Envoys commended the NLNG management for its outstanding commitment to the development of the gas sector and the host community, Bonny.
H.E Robert Petri of the Netherlands lauded the entrepreneurial spirit of Nigerians and gave assurance of his country’s support for the development of the private sector to create more business opportunities and jobs in the country.
In a related comment, H.E Marcelino Ansorena of Spain lauded NLNG’s commitment to the development of Bonny Island, as well as the company’s global listing as an Anti-Bribery and Corruption compliant company.
He regarded the facility visit as further creating opportunity for economic diplomacy between the NLNG and companies in his country.
