NLNG has generated $108 billion in 21 years- Official

The Nigeria Liquefied Natural Gas (NLNG) has generated about $108 billion in revenue since it became a limited liability company about 21 years ago.
It added that the gas giant has doled out about about $35 billion as dividends to shareholders.
General Manager, External Relations and Sustainable Development, Nigeria Liquefied Natural Gas (NLNG), Mrs Eyono Fatayi-Williams said this while having an interactive session with  members of the House of Representatives Committee on Gas.
She said that Nigeria has the potential of becoming the 4th largest producer of proven gas
She said that NNPC represents the Federal Government on the board and controls 49 percent shares of the company while Agip, Shell and Total control 51 per cent shares.
She noted that  NLNG has succeeded  as an operational company, has succeeded in putting Nigeria to the map.
She said: “We buy gas, we liquidify it, we transport it and sell it to the buyers and get value for Nigeria LNG and for Nigeria. In the 21 years we have operated, we have delivered 5000 LNG cargoes around the world and we have 23 dedicated LNG ships to ensure our operation runs smoothly.
“On Bonny island we have six installed and operational LNG trains (the train is also known as LNG manufacturing line) of 22 million tonnes capacity.
“Our installed asset base is 11 billion dollars.
We have generated 108 billion dollars in revenue since inception and have delivered 35 billion dollars in dividends to the shareholders in the 21 years that we have operated and have paid eight billion dollars in taxes,” Fatayi-Williams said.

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