Nigeria LNG Limited is taking major steps at sustaining its reputation as a safe reliable and secure supplier of Liquefied Natural Gas (LNG) and Natural Gas Liquids (Condensate and LPG) worldwide.
Tony Attah, Managing Director and Chief Executive Officer of the Company, made this disclosure when the company hosted the ambassadors of The Netherlands and Spain at its Plant Complex in Bonny.
Sharing the NLNG business model and success rating with the visiting Diplomats, Attah said NLNG has capacity to load and safely deliver over 300 cargoes of its products to buyers around the world annually from its six-train 22mtpa LNG nameplate production capacity and 5mtpa NGLs production capacity.
He said NLNG is currently number 4 amongst the top LNG exporting nations in the world (as at 2016) with 7 percent of the global market share.
According to Attah, “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.
In their separate responses, the Ambassador of the Netherlands, H.E Robert Petri and Ambassador of Spain, H.E Marcelino Ansorena, commended Nigeria LNG for its outstanding commitment to the development of the gas sector and the host community, Bonny.
H.E Robert Petri of the Netherlands commended 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. While his counterpart. 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 a wonderful opportunity for economic diplomacy between the company and companies in his country.
