The Nigeria LNG Limited (NLNG) on Tuesday said it exported its 3000th cargo of Liquefied Natural Gas (LNG) from the Bonny Island Terminal in Rivers to Turkey.
This is contained in a statement issued by Mr Kudo Eresia-Eke, the General Manager, External Relations of the company.
The statement said that the cargo’s destination was Marmara LNG Terminal for Botas Petroleum Pipelines Corporation in Turkey.
It said that the cargo would be shipped onboard one of the NLNG’s vessels, LNG Lokoja.
“This milestone transaction highlights NLNG’s long-standing contribution to the sustainable reduction of gas flaring in Nigeria, monetisation of the nation’s gas resources and revenue generation
“All are in fulfilment of ocompany’s vision to help build a better Nigeria,” the statement said.
It also quoted the company’s Chief Executive and Managing Director, Babs Omotowa, as saying that the company had attained a laudable feat.
Omotowa said, “It demonstrates what is possible as a result of a shared vision within our company.
“ NLNG currently processes for export and domestic use, more than four trillion cubic feet of associated gas which was previously flared, thereby helping to preserve our environment and support Nigeria’s economic growth.
“From the export of its first LNG cargo on Oct. 9, 1999, delivered to Montoir LNG Terminal, France, Nigeria LNG has grown to be Africa’s largest single private sector industrial investment.”
It said that the company was safely and reliably supplying about seven per cent of total world LNG demands.
“Before the commencement of operations, 75 per cent of the 2.6 billion cubic feet of associated gas produced by oil companies operating in Nigeria was being flared.
“This trend has changed. Nigeria LNG Limited currently converts over four trillion cubic feet of associated gas to liquefied natural gas (LNG) and natural gas liquids (NGLs) for both export and domestic uses.
“In doing this, the company has positively impacted on the country’s gas flaring status, thereby helping to improve the environment whilst converting a previously wasted resource into wealth for the nation.
“From initial investment of some 2.5 billion dollars, the Federal Government has earned over 25 billion dollars in dividend, feed gas purchase revenues, taxes and duties,’’ the statement said.
It said that the company also contributed significantly to national wealth and the economies of states in which it operates, through payment of 30 per cent Company Income Tax and other applicable taxes and tariffs.
“It brings Nigeria’s total share of NLNG’s profit to about 70 per cent.
“The company has also set aside supplies of about 250,000 tonnes of cooking gas for the Nigerian domestic market.
“It has helped re-invigorate the cooking gas value chain with increased investments and job creation,’’ the statement said.
