NLNG announces gas export landmark

NLNG: Image: Reuters

Nigeria LNG Limited (NLNG) announced on Tuesday that it has exported its milestone 3,000th liquefied natural gas cargo since it began operations in 1999

The cargo was exported from NLNG’s Bonny Island terminal in southern Rivers state to Marmara LNG Terminal in Turkey for Botas Petroleum Pipeline Corporation, a statement said.

The company said its shipments of liquefied natural gas (LNG) has reduced gas flaring in the oil-rich region, a sore point in the operation of oil firms often criticised by residents and rights organisations.

NLNG hopes to increase its production capacity from 22 million metric tonnes to 30 million per annum, as Nigeria seeks to hit a target of providing the world with 10 percent of its LNG requirements.

Nigeria is currently the world’s seventh-largest oil producer but is still reliant on imports of petroleum products because of poorly maintained domestic refineries, crumbling infrastructure and graft.

NLNG, which exported its first gas cargo to France in October 1999, said its production was fuelling economic growth in Nigeria.

It was also reducing dangerous flaring that can cause environmental damage and harmful health effects on people living nearby.

The Nigerian government has a majority 49-percent stake in NLNG.

Shell Gas, Total LNG Nigeria Limited and Eni International are the other shareholders.

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By joedams Posted in Energy

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