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Tag: NLNG

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NLNG cargo diverted to Asia as regional prices spike

A cargo of liquefied natural gas from Nigeria has been redirected to Asia after rising regional prices created an arbitrage opportunity for traders. Data from analytics firm Kpler showed that the LNG tanker BW Brussels, which loaded at the Nigeria LNG terminal on Bonny Island on February 27, initially indicated it was bound for Europe […]

Business

Daewoo, Rivers resolve tax dispute over NLNG site

Daewoo Engineering and Construction Nigeria Limited has confirmed that all issues regarding tax deductions at the NLNG Train 7 Project site have been fully clarified and resolved in collaboration with the Rivers State Internal Revenue Service. Previously, DECN had requested a 14-day period to address the tax matters that had prompted protests by welders and […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

Africa’s LNG output to hit 120 MTPA by 2035 – NLNG

Nigeria Liquefied Natural Gas Limited says Africa’s LNG production could increase from about 70 million tonnes per annum today to 120 MTPA by 2035, driven by projects holding at least 45 MTPA of new potential supply. Delivering a keynote address titled “The Role of African LNG in a Dynamic Export Market” at the Africa Energy […]

Oil and Gas

NLNG embraces AI to boost safety, efficiency in operations

Nigeria Liquefied Natural Gas Limited has highlighted the transformative role of Artificial Intelligence in enhancing operational efficiency, safety, and productivity across its vast gas infrastructure. The Deputy Managing Director, NLNG, Mr Olakunle Osobu, disclosed this while addressing a global audience of more than 50,000 participants from 150 countries in a panel session at the ongoing […]

Oil and Gas

$10bn Train-7 project hits 80% completion – LNG

Nigeria LNG Limited has announced that its $10 billion Train-7 gas project on Bonny Island, Rivers State, is now 80% complete. This marks an increase from 67% completion reported in June 2024. The company noted that as the project nears its final construction phase, it will require highly skilled technical personnel due to the advanced […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
News

NLNG crisis deepens as gas supply drops 80% – Report

Nigeria LNG Limited is currently facing a significant operational crisis at its Bonny Island facility, with natural gas supplies plummeting by 80%, according to Bloomberg. This drastic reduction has been attributed to persistent pipeline vandalism, leading to the shutdown of critical gas supply lines and severely hampering production capabilities. NLNG is currently receiving only 20% […]

News

NLNG raises alarm over gas pipeline vandalism 

Nigeria LNG Limited has said it is facing significant operational challenges, with only two of its six gas trains currently functional due to persistent vandalism of its pipelines. Speaking at the Nigeria International Energy Summit in Abuja on Wednesday, NLNG Managing Director, Dr. Philip Mshelbila expressed concern over the heavy losses caused by insecurity around […]

News

London court orders NLNG to pay $380m for undelivered LNG cargoes

A London court has ordered Nigeria LNG to pay $380 million in compensation to trading firms Vitol and Glencore. This ruling follows a legal battle initiated by Taleveras, a trading company that had agreements to receive liquefied natural gas  cargoes from NLNG. According to a Reuters report citing court documents, a London court ordered NLNG […]

News

NLNG refutes claims of neglecting host community

Nigeria Liquefied Natural Gas Limited has denied the claims that its Train 7 Project Engineering, Procurement, and Construction Contractors have neglected the Bonny Island host community. The company was being accused by an online media platform of failing to include the Bonny community in its Corporate Social Responsibility initiatives. However, the Manager of Corporate Communication […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

NLNG begins naira sale, LPG output hits 1.5m tonnes

The Nigeria Liquefied Natural Gas Limited declared that it has reached a record-breaking 1.5 million metric tonnes of output per year of Liquefied Petroleum Gas, or cooking gas on Wednesday. It stated that the whole 1.5 million tonne production was being sold in Nigeria and that the business had begun to provide LPG in naira […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

NLNG Train-7 now 52% complete – MD

The Managing Director of Nigeria Liquefied Natural Gas Limited, Philip Mshelbila, has stated that Train-7 is 52% complete. According to The Times, he made this statement during a recent engagement meeting with Nigerian Content Development and Monitoring Board Executive Secretary Simbi Wabote. He claimed that 8,300 Nigerians with a range of skill levels are employed by the $5 billion […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

Gas production at Bonny plant still active – NLNG

The Nigeria Liquefied Natural Gas Limited has stated that gas production at the facility in River State’s Bonny Island is still going smoothly. The Punch reported that the gas firm sent the clarification in an email on Thursday that was prepared by its Media Relations and Publicity Division. It refuted allegations that had previously claimed […]

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