NLNG has generated significant revenue for the nation- GM
By Benjamin Idakwo
Manager, External Relations and Sustainable Development, Nigeria Liquified Natural Gas, NLNG Eyono Fatayi-Williams, said NLNG has generated significant revenue for the nation and contributed to the reduction in environmental hazards arising from gas flaring.
Fatayi-Williams said that the company has converted about 191.5 billion standard cubic metres or 6.8 trillion cubic feet, TCF of associated gas as Liquified Natural Gas, LNG and Natural Gas Liquids, NGLs, thus reducing gas flaring by upstream companies from over 60 per cent when it commenced operations to less than 20 per cent currently.
She stated that NLNG has taken the Final Investment Decision, FID on its Train 7 project, which will increase production capacity at its plant Bony Island, Rivers State from 22 million metric tonnes per annum.
General Manager stated that the FID was taken with the support of all the company’s shareholders; Nigerian National Petroleum Corporation (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gas Electricite Holdings France (15 per cent) and Eni International N.A. N.V. S.ar.I (10 per cent) respectively.
She said part of the immediate gains of the project is foreign direct investment for Nigeria Upstream and other associated projects coming on stream aimed at stimulating the economy.
Fatayi-Williams hinted that presently NLNG has two subsidiaries, Bony Gas Transport Limited, BGT and NLNG Ship Management Limited, NSML.
She added that NLNG has 23 vessels in its fleet, 13 of which are owned by its subsidiary, BGT.
According to her, “NSML, initially set up as a manning outfit in 2010, metamorphosed into an international maritime services company, providing maritime services, namely which included; vessel management, crew management and administration, terminal management , maritime training, projects and consultancy.”
Speaking on NLNG commitment to Nigerian content development, she stated that the company is working closely with the Nigerian Content Development and Monitoring Board, NCDMB, to give first consideration to Nigerian indigenous service providers and manufacturers of goods without compromise to business ethics, HSE and quality at a competitive price.