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NLNG Exports 4000th Cargo to Turkey

Nigeria LNG Limited (NLNG) has reached another major milestone with the exportation of its 4000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the company’s historic 3000th cargo, three...

NLNG Revenue Hits Seven-Year Low Amid Oil Slump

The Nigeria LNG Limited, the biggest gas exporter in the country, said it earned a total of $4.723bn last year, the lowest in seven years. The company, which was created to harness the nation’s vast natural gas resources and produce Liquefied Natural Gas and Natural...

N7.2tr Held by NNPC Can End Recession – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has asked the Federal Government to put in place urgent measures to recover the sums of $21.778 billion and N316.074 billion from the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Nigerian Petroleum Development Company (NPDC). NEITI...

NNPC yet to remit $15.8bn to FG account – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural Gas (LNG) to the Federation account, in spite of the report submitted to the Federal Government. Acting Executive Secretary of...

PENGASSAN Rejects NLNG Act Amendment

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have said that the proposed plan by the National Assembly to amend the Nigeria Liquefied Natural Gas (Fiscal Incentives, Guarantees and Assurances) Act will affect about 18,000 jobs...

Gas Scarcity to Ease as NLNG Vessel Discharges

The much awaited NLNG vessel -Gas Providence laden with 13,000MT of Liquefied Petroleum Gas (LPG) berthed and discharged the product at the NOJ Apapa, the situation that may ease the scarcity of the cooking gas in the nearest future. Sources said the NLNG claimed that...