NLNG Generates $150 Billion Revenue, Exports 6,000 LNG Cargoes

Nigeria LNG Limited (NLNG) has generated over $150 billion in revenue and exported more than 6,000 liquefied natural gas (LNG) cargoes worldwide since it began operations. The company's Managing Director and Chief Executive Officer, Mr Adeleye Falade, revealed this during a media briefing in Lagos.

NLNG has paid over $47.2 billion in dividends to shareholders, remitted more than $10 billion in taxes to the Federal Government, and built an asset base valued at about $23 billion, making it one of Nigeria's biggest corporate contributors to government revenue.

The company operates six liquefaction trains with a production capacity of 22 million tonnes per annum and has a fleet of 22 dedicated vessels. NLNG has also contributed significantly to reducing gas flaring in Nigeria, from about 65% when the company was established to below 20% today.