Three decades after, NLNG waxes stronger

For More Enquiry: 08052442020



he Nigeria Liquefied Natural Gas (NLNG) recently marked 30 years of operations at the palace of the King of Bonny and flagged off what it called ‘Next 30 Years’ highlighted by a N75 billion development fund to be released at the rate of N3 billion per year.

Why NLNG Ltd was born

It is important to interrogate the reasons that led to the birth of NLNG. Prior to its birth, there was large-scale gas-flaring, which have continued for decades, and have been the source of major concern for environmentalists on account of its notable potentials for large-scale environmental pollution, climate-change and health implications in the host communities.

Hence, the need for a gas-using project – from which the host communities of natural gas-utilising projects and invariably the country at large could equally benefit – arose. The Nigerian Liquefied Natural Gas (LNG) project is strategically designed to utilise the abundant gas resources of the nation, which were paradoxically being wasted through decades of flaring and associated with adverse consequences on the regional and invariably international climates.

The existing cleared plant site and residential area on Bonny Island were allocated to the NLNG. The subsequent on-site activities involved the relocation of Old Finima by the federal authorities and a purpose-built new town was provided. The relocation to New Finima town took place in 1991, after which the site was levelled and covered with hydraulic fill to raise the site to the correct levels for construction. The relocation of indigenous populations and confiscation of coastal areas, especially known to be breeding grounds for marine species, portends major ecological danger and cultural trauma to man and loss of vital habitat used for centuries by animal species.

All over the world, gas extracting and processing facilities are springing up. The number of LNG projects has increased faster than crude oil refineries, as crude oil reserves dwindle across the globe. The environmental, socio-economic and health implications are not presently adequately known as is the case of crude oil refineries worldwide.

NLNG, a successful model to attract FDI

In the face of dwindling income from crude oil and falling tax revenues, which are causing the federal government to miss its targets, Nigeria needs to explore creative models to fund huge infrastructure required to revamp a broken economy.

One of such proven models is the NLNG. Since 1999, the NLNG has fully paid the $5.45 billion taken from its shareholders to build its six existing LNG trains. The company has also paid as much as $36 billion to its shareholders as dividends over the years, in addition to paying joint venture (JV) gas suppliers $28 billion for feed gas supplies.

Much of its success is derived from its unique structure. The government, represented by the Nigerian National Petroleum Company, owns 49 percent of NLNG while Shell owns 25.6 percent, Total Gaz Électricité Holdings owns 15 percent and Eni owns 10.4 percent.

The ownership structure makes it an independent incorporated joint venture, guaranteeing an independent board of directors, effective decision-making as well as funding for its projects. NLNG is run based on international best standards with all the parties carefully scrutinising every decision to ensure benefits are maximised.

NLNG’s unique ownership and operating model has also made it difficult for the National Assembly to amend the Act that established it; because of its incorporation charter, with companies and their countries being represented, the NLNG Act has been elevated almost to the status of a treaty and all parties are required to amend it.

NLNG could not kick off after it was first proposed in 1968 because of the huge capital investment required which Nigeria did not have. Investors wanted assurances and guarantees that they would recoup their investments. In 1990 Nigeria granted the investors a ten-year pioneer status as well as generous concessions that prohibited further taxation and levies. The charter came with strong terms involving joint agreement before any amendment.

Therefore, to finance big infrastructure projects like road networks, rail lines and airports we encourage partnerships and funding, ownership and management structures like the NLNG.

Share Buttons
For More Enquiry: 08052442020


  1. I just want to tell you that I’m newbie to weblog and definitely savored you’re web blog. Probably I’m planning to bookmark your blog post . You really have remarkable posts. With thanks for sharing with us your blog.

  2. I just want to mention I am new to blogging and seriously loved this blog. Most likely I’m going to bookmark your site . You amazingly come with beneficial stories. Appreciate it for sharing your web-site.

  3. Thanks for these pointers. One thing I also believe is always that credit cards featuring a 0% interest often bait consumers in zero rate of interest, instant authorization and easy on the net balance transfers, nonetheless beware of the most recognized factor that will probably void that 0% easy streets annual percentage rate and also throw anybody out into the very poor house rapidly.

  4. Hiya! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my iphone. I’m trying to find a theme or plugin that might be able to fix this problem. If you have any suggestions, please share. Cheers!

  5. Excellent post. I was checking constantly this blog and I am impressed! Very helpful info specially the last part 🙂 I care for such information much. I was seeking this particular info for a very long time. Thank you and good luck.

  6. Another issue is that video games can be serious in nature with the key focus on learning rather than amusement. Although, it has an entertainment element to keep your sons or daughters engaged, each game is usually designed to improve a specific skill set or course, such as numbers or research. Thanks for your posting.

  7. I have learned a few important things through your post. I might also like to express that there might be situation that you will make application for a loan and don’t need a co-signer such as a Federal Student Aid Loan. But if you are getting a loan through a regular finance company then you need to be ready to have a co-signer ready to assist you to. The lenders will base their decision on a few elements but the main one will be your credit rating. There are some loan providers that will additionally look at your job history and make a decision based on this but in most cases it will hinge on your credit score.

  8. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and visual appeal. I must say you have done a awesome job with this. In addition, the blog loads super quick for me on Firefox. Exceptional Blog!

  9. Amazing blog! Do you have any hints for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any suggestions? Many thanks!

  10. I in addition to my friends ended up checking the excellent information located on your website while immediately I got a terrible feeling I had not expressed respect to you for those techniques. All of the young men were absolutely excited to read through all of them and have now definitely been taking pleasure in these things. Thanks for being really considerate as well as for picking this form of useful subject matter most people are really eager to learn about. My sincere regret for not saying thanks to sooner.

  11. Magnificent beat ! I would like to apprentice even as you amend your web site, how could i subscribe for a weblog web site? The account aided me a appropriate deal. I have been tiny bit acquainted of this your broadcast offered vibrant clear idea

  12. It¡¦s actually a great and helpful piece of information. I am happy that you just shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  13. Normally I do not learn post on blogs, but I would like to say that this write-up very pressured me to take a look at and do it! Your writing style has been amazed me. Thank you, quite nice post.

  14. I’m really inspired with your writing talents as neatly as with the layout for your blog. Is this a paid theme or did you modify it your self? Anyway stay up the nice quality writing, it’s uncommon to see a great blog like this one nowadays..

  15. I have been surfing online greater than 3 hours lately, but I never discovered any interesting article like yours. It¡¦s beautiful value enough for me. Personally, if all website owners and bloggers made good content material as you probably did, the web can be much more useful than ever before.

  16. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has encouraged me to get my own website now. Actually the blogging is spreading its wings fast. Your write up is a good example of it.

  17. Thank you a lot for giving everyone remarkably pleasant chance to read in detail from this website. It really is very pleasurable plus packed with fun for me personally and my office acquaintances to search your website nearly thrice in one week to read the latest stuff you have got. Not to mention, I am at all times satisfied considering the fabulous points you give. Certain 3 ideas in this article are indeed the most suitable I have had.

  18. Pretty nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed browsing your blog posts. In any case I’ll be subscribing to your rss feed and I hope you write again soon!

  19. I have witnessed that expenses for internet degree experts tend to be an awesome value. For example a full 4-year college Degree in Communication from The University of Phoenix Online consists of Sixty credits with $515/credit or $30,900. Also American Intercontinental University Online makes available Bachelors of Business Administration with a entire program requirement of 180 units and a worth of $30,560. Online studying has made getting the college diploma much simpler because you can certainly earn the degree in the comfort of your dwelling place and when you finish working. Thanks for all tips I’ve learned through your website.

  20. I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again!

  21. I keep listening to the rumor speak about receiving free online grant applications so I have been looking around for the most excellent site to get one. Could you tell me please, where could i find some?

  22. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  23. Thank you, I have recently been searching for information about this subject for ages and yours is the greatest I have found out till now. However, what about the conclusion? Are you certain concerning the supply?

  24. What i don’t understood is if truth be told how you’re now not actually a lot more neatly-appreciated than you might be right now. You are so intelligent. You recognize thus significantly with regards to this matter, made me personally consider it from a lot of various angles. Its like women and men aren’t involved until it’s one thing to accomplish with Girl gaga! Your individual stuffs nice. All the time deal with it up!

  25. I have realized that online diploma is getting common because obtaining your college degree online has changed into a popular selection for many people. Many people have definitely not had a possible opportunity to attend an established college or university yet seek the improved earning potential and a better job that a Bachelor’s Degree gives. Still other folks might have a degree in one field but would like to pursue something they now possess an interest in.

  26. Appreciating the time and effort you put into your site and in depth information you provide. It’s good to come across a blog every once in a while that isn’t the same old rehashed information. Excellent read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

  27. Just wish to say your article is as amazing. The clarity in your publish is just spectacular and that i could think you’re knowledgeable on this subject. Well with your permission allow me to grab your RSS feed to keep updated with impending post. Thanks one million and please continue the gratifying work.

  28. Thanks for your submission. I also think laptop computers have grown to be more and more popular right now, and now will often be the only type of computer employed in a household. Simply because at the same time actually becoming more and more economical, their processing power is growing to the point where there’re as potent as desktop from just a few in years past.

  29. But wanna comment on few general things, The website pattern is perfect, the subject material is very wonderful. “War is much too serious a matter to be entrusted to the military.” by Georges Clemenceau.

  30. Hey there would you mind sharing which blog platform you’re using? I’m going to start my own blog in the near future but I’m having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for getting off-topic but I had to ask!

  31. I do not even know how I ended up here, but I thought this post was great. I do not know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  32. It’s appropriate time to make some plans for the long run and it’s time to be happy. I’ve learn this submit and if I may just I desire to counsel you some interesting things or tips. Maybe you can write next articles relating to this article. I wish to learn even more issues approximately it!

  33. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove people from that service? Thanks a lot!

  34. F*ckin’ tremendous things here. I am very happy to peer your article. Thank you so much and i’m taking a look ahead to touch you. Will you kindly drop me a mail?

  35. Hmm is anyone else experiencing problems with the images on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.

  36. What i don’t understood is in reality how you’re now not actually much more smartly-appreciated than you might be right now. You are so intelligent. You understand therefore significantly when it comes to this topic, produced me for my part believe it from numerous numerous angles. Its like men and women aren’t fascinated except it’s one thing to accomplish with Woman gaga! Your own stuffs great. Always maintain it up!

  37. I was just looking for this information for a while. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what’s the lack of Google strategy that do not rank this type of informative sites in top of the list. Usually the top websites are full of garbage.

  38. Howdy very cool web site!! Guy .. Excellent .. Amazing .. I will bookmark your website and take the feeds additionallyKI am glad to find a lot of useful info here within the publish, we need work out more strategies on this regard, thanks for sharing. . . . . .

  39. Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and visual appearance. I must say you have done a very good job with this. Also, the blog loads super quick for me on Safari. Exceptional Blog!

  40. Excellent post. I was checking continuously this blog and I am impressed! Extremely helpful information specially the last part 🙂 I care for such info much. I was looking for this certain info for a very long time. Thank you and best of luck.

  41. Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!


Please enter your comment!
Please enter your name here