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{{short description|Liquefied natural gas plant of Nigeria}} |
{{short description|Liquefied natural gas plant of Nigeria}} |
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'''Nigeria LNG Limited''' ('''NLNG''') is a [[liquefied natural gas]] (LNG)-producing company on [[Bonny Island]], [[Nigeria]].<ref name="Nigeria LNG Limited 2009">{{cite web|url=http://www.nlng.com/Our-Company/Pages/Profile.aspx|title=The Company - Nigeria LNG| publisher =Nigeria LNG Limited|year=2009|accessdate=2016-12-21}}</ref> |
'''Nigeria LNG Limited''' ('''NLNG''') is a [[liquefied natural gas]] (LNG)-producing company and a liquefied natural gas plant on [[Bonny Island]], [[Nigeria]].<ref name="Nigeria LNG Limited 2009">{{cite web|url=http://www.nlng.com/Our-Company/Pages/Profile.aspx|title=The Company - Nigeria LNG| publisher =Nigeria LNG Limited|year=2009|accessdate=2016-12-21}}</ref> |
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== History == |
== History == |
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Nigeria LNG Limited was incorporated as a limited liability company on 17 May 1989, to produce LNG and [[natural gas liquids]] (NGL) for export.<ref name="Nigeria LNG Limited 2009"/> The plant was built by TSKJ consortium, which was led by former [[Halliburton]]'s subsidiary [[KBR (company)|KBR]]. Other participants of the consortium were [[Snamprogetti]], [[Technip]] and [[JGC Corporation]].<ref name=upstream211109> |
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Interest in LNG started in the 1960s when the idea of monetising flared gas was mooted. The Nigerian government set up a panel to look at the proposal and make recommendations on the feasibility of a LNG project in Nigeria. The panel recommended two LNG projects of three trains respectively— the first LNG project in the east of the Niger Delta and the second LNG project in the west of the Niger Delta. The Federal Executive Council approved the recommendations in April, 1975. However, attempts to progress the project were scuttled by a change of government. |
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{{cite news |
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| newspaper = [[Upstream (newspaper)|Upstream Online]] |
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| publisher = NHST Media Group |
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| title = Judge delays Eni Nigeria ruling |
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| url= http://www.upstreamonline.com/live/1093952/judge-delays-eni-nigeria-ruling |
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| first = Aleya | last = Begum |
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| date = 2009-10-21 |
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| accessdate=2009-11-08 |
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| url-access = subscription |
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}} |
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</ref> The first train came into operation in 1999.<ref name=downstream280909> |
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{{cite news |
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| publisher= Downstream Today |
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| title = Nigeria Set to Become World's Second-largest LNG Supplier - Official |
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| url= http://downstreamtoday.com/news/article.aspx?a_id=18395 |
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| first = Udenna | last = Orji |
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| work = Leadership |
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| date = 2009-09-28 |
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| accessdate=2009-11-08}} |
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</ref> |
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In September 1999, the Bonny plant started production and was expected to send its first shipment in October. It started with sales contracts with [[Enel]] for 3.5 billion bcm/y, [[Enagás]] for 1.6 bcm/y, [[BOTAŞ]] for 1.2 bcm/y, and [[Gaz de France]] for 500 million cu m/year. The feed gas was provided by Shell, [[Elf Aquitaine]] and [[Agip]].<ref> |
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By 1976, the Bonny LNG Limited (BLNG) was incorporated. The project was planned to build and operate a natural gas liquefaction plant capable of supplying up to 650 trillion Btu of LNG yearly. Had the project been realised at that time, it would have been the largest LNG project in the world. The plant capacity of 650 trillion Btu yearly was to be delivered by a fleet of 18 ships dedicated to a 20-year contract period. The United States was the planned prime destination, although the plan was later expanded to include Europe. |
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{{cite news |
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| url = http://www.ogj.com/articles/print/volume-97/issue-39/in-this-issue/gas-processing/nigeria-lng-starts-up-bonny-lng-plant.html |
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| title = Nigeria LNG starts up Bonny LNG plant |
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| work = [[Oil & Gas Journal]] |
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| publisher = [[PennWell Corporation]] |
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| date = 27 September 1999 |
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| accessdate=21 December 2016 |
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|url-access=subscription }} |
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</ref> |
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There are investigations{{When|date=April 2024}} concerning alleged bribes of $180 million paid by the TSKJ consortium of engineering companies to Nigerian government officials<ref> |
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The progress on BLNG was again impacted by another change in leadership in the Nigerian government. By 1977, the investors downgraded their participation in the LNG project. In 1979, there was a transition to civil rule. However, this did not do much in advancing the BLNG project as inability to get the required funding hindered investment in gas. |
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{{cite web |year=2009 |title=Haliburton and Nigeria: A chronology of key events |url=http://234next.com/csp/cms/sites/Next/News/4854591-147/Halliburton_and_Nigeria:_A_Chronology_of.csp |url-status=dead |archive-url=https://web.archive.org/web/20111008212237/http://234next.com/csp/cms/sites/Next/News/4854591-147/Halliburton_and_Nigeria:_A_Chronology_of.csp |archive-date=2011-10-08 |accessdate=2009-11-09 |work=234 Next}} |
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</ref> (not Nigeria LNG staff) in the period 1994–2004 to obtain contracts worth more than $6 billion to win the contract to build Nigeria LNG facilities.<ref name="upstream211109" /> KBR pleaded guilty, in February 2009, to paying bribes to Nigerian government officials to secure four contracts to build and expand the Nigeria LNG terminal.<ref name="upstream090209"> |
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The project again had to be delayed in 1982 due to a drop in oil price that impacted greatly on the country’s revenue. The investors in the project pulled out which marked the end of Bonny LNG. Between 1983 and 1985, the Federal Government set up another LNG working committee. This committee was inaugurated in March 1985 under the chairmanship of Mr. Gamaliel Onosode. |
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{{cite news |last=Davis |first=Jonathan |date=2009-02-09 |title=KBR booked in Nigeria graft case |url=http://www.upstreamonline.com/live/1101798/kbr-booked-in-nigeria-graft-case |url-access=subscription |accessdate=2009-11-08 |newspaper=[[Upstream (newspaper)|Upstream Online]] |publisher=NHST Media Group}} |
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</ref> In Italy, Milan's prosecutors office has begun legal proceedings to bar Eni and Saipem, owners of Snamprogetti, from doing business with NNPC because of these alleged bribes paid by the TSKJ consortium to Nigerian government officials.<ref name="upstream211109" /> Snamprogetti will pay $240 million in fines to avoid prosecution by the [[United States Department of Justice]] for violation of the [[Foreign Corrupt Practices Act]].{{Citation needed|date=May 2020}} In addition, Eni and Snamprogetti will pay $125 million to settle a [[U.S. Securities and Exchange Commission]] case.<ref name="upstream070710"> |
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The committee had the responsibility of realising the LNG project in Nigeria. The first task the committee performed was to review the terms of reference that related to the establishment of a LNG business in Nigeria, with the intention of resolving all contractual, commercial, technical and financial issues. After all the knotty issues concerning shareholders and investors were resolved, NLNG was incorporated in 1989. Production from its first operational train, Train 2, started in 1999 and Company’s first cargo left the shores of Bonny Island Rivers State, on the 9th of October, 1999 to Montoir, France. |
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{{cite news |last=Perez Rivas |first=Claudia |date=2010-07-07 |title=Duo to pay $365m in bribe case |url=http://www.upstreamonline.com/live/1108167/duo-to-pay-usd-365m-in-bribe-case |url-access=subscription |accessdate=2009-11-08 |newspaper=[[Upstream (newspaper)|Upstream Online]] |publisher=NHST Media Group}} |
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</ref> |
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In 2013, NLNG signed an agreement with [[Samsung Heavy Industries]] and [[Hyundai Heavy Industries]] for the delivery of 4 [[LNG carrier|LNG carrier ships]] that cost US$1.2 billion and that brought NLNG's total fleet to 23 ships.<ref> |
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Today, NLNG has a total production capacity of 22 Million Tons Per Annum (mtpa) of LNG and 5mtpa of Natural Gas Liquids (NGLs) from its six-train plant complex. The company has 16 long-term Sale and Purchase Agreements (SPAs) with 10 buyers and controls about 6 per cent of global LNG trade. |
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{{cite news |
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| url = https://www.reuters.com/article/nigeria-lng-idUSL1N1090C020150729 |
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| title = Nigeria LNG to take delivery of four carrier ships this year -CEO |
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| work = Reuters |
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| date=29 July 2015 |
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| first = Chijioke | last = Ohuocha |
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| accessdate=21 December 2016}} |
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</ref> |
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In 2015, NLNG reported a 36.6% drop in its revenue due to declining oil and gas prices (US$6.84 billion in 2015, US$10.8 billion in 2014).<ref> |
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NLNG began its intervention in the supply of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to the domestic market in 2007 under the NLNG DLPG Scheme. The supply has stimulated growth in the industry, guaranteeing LPG supply, availability and affordability. This has also inspired the development of different parts of the DLPG value chain. |
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{{cite news |
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| url = http://www.lngworldnews.com/nigeria-lngs-revenue-drops-37-pct-in-2015/ |
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| title = Nigeria LNG's revenue drops 37 pct in 2015 |
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| date = 14 April 2016 |
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| work = LNG World News |
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| accessdate = 21 December 2016}} |
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</ref> 2015 was the year that NLNG reached the threshold of US$85 billion of LNG exports in 15 years of business.<ref> |
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{{cite web |
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| url = https://www.yahoo.com/news/nigeria-lng-exports-reach-85-bn-15-years-085709715.html |
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| title = Nigeria LNG exports reach $85 bn in 15 years |
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| agency = [[Agence France-Presse]] |
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| date=20 June 2015 |
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| accessdate=21 December 2016}} |
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</ref> |
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In July 2016, Tony Attah was named managing director and CEO of Nigeria LNG. He replaced Babs Omotowa who led the company for 5 years and returned to [[Shell International]] in the Hague, Netherlands, after his departure.<ref> |
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In 2019, NLNG shareholders took the Final Investment Decision (FID) on its 7th train and awarded the Engineering, Procurement and Construction (EPC) contracts for the plant expansion in 2020. The long-awaited expansion will increase production capacity by 35 per cent from 22mtpa to 30mtpa and enhance NLNG’s competitiveness in the global market. |
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{{cite press release |
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| url = http://www.nigerialng.com/Media-Center/Lists/Press%20Releases/DispForm.aspx?ID=16 |
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| title = At NLNG, Babs Omotowa hands over to Tony Attah |
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| publisher = Nigeria LNG |
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| date = 14 July 2016 |
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| accessdate = 21 December 2016}} |
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</ref> In August 2016, Shell declared ''[[Force majeure]]'' on most of its feed gas to the facility after a gas leak on Shell's Eastern Gas Gathering System (EGGS-1), but production kept going thanks to alternative sources of gas supplies.<ref> |
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{{cite news |
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| url = http://www.naturalgasworld.com/nigeria-lng-relies-on-alternative-gas-sources-31113 |
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| title = Nigeria LNG still exporting |
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| work = Natural Gas World |
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| date =18 August 2016 |
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| first = Omono | last = Okonkwo |
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| accessdate = 21 December 2016}} |
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</ref> |
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In July 2021, the board of directors appointed Philip Mshelbila as the new Managing Director and Chief Executive Officer of the company. He took over from Tony Attah who was appointed by the board in July 2016.<ref>{{Cite web |last=Pekic |first=Sanja |date=2021-07-12 |title=New CEO of Nigeria LNG appointed |url=https://www.offshore-energy.biz/new-ceo-of-nigeria-lng-appointed/ |access-date=2023-05-24 |website=Offshore Energy |language=en-US}}</ref><ref>{{Cite web |title=Management Team |url=https://www.nigerialng.com/the-company/Pages/Management-Team.aspx |access-date=2023-05-24 |website=www.nigerialng.com}}</ref> |
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The company has a proven track record of resilient performance (Operational Excellence, HSE, etc.) and unswerving profitability. |
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<ref>https://www.nigerialng.com/</ref> |
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In February 2022, the board of directors appointed Olalekan Olufemi Ogunleye as the new deputy managing director of the company. He took over from Sadeeq Mai-Bornu who was appointed by the board in April 2016.<ref>{{Cite web |last=Cyril |date=2022-02-23 |title=NLNG gets new DMD, as Mai-Bornu bows out |url=https://sunnewsonline.com/nlng-gets-new-dmd-as-mai-bornu-bows-out/ |access-date=2023-05-24 |website=The Sun Nigeria |language=en}}</ref><ref>{{Cite web |last=Report |first=Agency |date=2022-02-24 |title=NLNG deputy MD bows out as tenure ends |url=https://punchng.com/nlng-deputy-md-bows-out-as-tenure-ends/ |access-date=2023-05-24 |website=Punch Newspapers |language=en-US}}</ref> |
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== Operations == |
== Operations == |
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Nigeria LNG Limited is jointly owned in the following proportions: [[Nigerian National Petroleum Corporation]] (NNPC) owns 49%, [[Royal Dutch Shell|Shell Gas B.V.]] owns 25.6%, [[Total S.A.|Total LNG Nigeria Ltd]] owns 15% and [[Eni|Eni International]] owns 10.4%.<ref name="Nigeria LNG Limited 2009" /> |
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NLNG’s six-train production plant sits across 2.27 sq.km of largely reclaimed land in Finima, Bonny Island, inspiring awe and confidence in Nigerians and foreigners alike. |
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Nigeria LNG Limited operates six liquefaction units (LNG trains) producing 22 million tonnes per year of LNG.<ref name=downstream280909/> This amounts to roughly 10% of the world's LNG consumption.<ref name=upstream281008> |
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The plant ranks amongst the biggest and top performers worldwide; its performance is regularly benchmarked internationally with other LNG plants around the world. |
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{{cite news |
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| newspaper = [[Upstream (newspaper)|Upstream Online]] |
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The plant has rapidly and successfully made the transition from a construction project to a stable production operation, with a robust framework of people, processes, systems and organisation, as well as relentless focus on operational excellence and continuous improvement. In addition to regular maintenance of the assets to assure integrity and reliability, opportunities are continuously sought to debottleneck the plant, incorporating proven techniques and processes to maximise production and manage human interferences and impacts. The plant has also embarked on a structured programme of asset rejuvenation to extend the plant life beyond the current design life. All these activities are underpinned by a Health, Safety, Security and Environment (HSSE) culture that continually seeks improvements in the safe and sustainable utilisation of our assets. |
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| publisher = NHST Media Group |
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| title = NLNG declares force majeure |
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| first = Anthea | last = Pitt |
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| url=http://www.upstreamonline.com/live/1128494/nlng-declares-force-majeure |
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| date = 2008-11-28 |
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| accessdate=2009-11-08 |
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| url-access = subscription |
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}} |
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</ref> Trains 1, 2 and 3 have production capacities of 3.2 million tonnes per year, whilst trains 4, 5 and 6 have capacities of 4.1 million tonnes per year each.<ref> |
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{{cite conference |
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|url=http://www.iea.org/work/2006/gas_security/Lansdell.pdf |
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|conference =IEA Gas Security Workshop |
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|title = Coping with security challenges of natural gas markets |
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| first = Ronald | last = Lansdell |
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|publisher= [[International Energy Agency]] |
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|location = [[Paris]] |
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|year=2006 |
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|accessdate=2009-11-02 |
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| archive-url = https://web.archive.org/web/20110611182002/http://www.iea.org/work/2006/gas_security/Lansdell.pdf |
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| archive-date = 2011-06-11 |
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| url-status =dead}} |
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</ref> |
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The base project (Trains 1 and 2) which cost US$3.6 billion, was financed by NLNG's shareholders.<ref name="Nigeria LNG Limited 2009" /> The third train (expansion project), including additional storage, cost US$1.8 billion and was funded by shareholders as well as reinvested revenue from the base project.<ref name="upstream211109" /> The NLNGPlus project (Trains 4 & 5) cost US$2.2 billion and was funded with a combination of internally generated revenue and third party loans amounting to US$1.06 billion.<ref>{{Cite web |date=2023-03-06 |title=NIGERIA LNG LIMITED (NLNG) - ENERGY COMPANY. |url=https://www.schoolsoftware.com.ng/nigeria-lng-limited-nlng-energy-company/ |access-date=2023-05-02 |website=School Software Pro |language=en-US}}</ref> Train 6 (NLNGSix project) cost US$1.748 billion, financing was handled by shareholders.<ref> |
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Plans for building Train 7 which will lift the total production capacity to 30mtpa of LNG are currently progressing. FID for the 8mtpa train was taken in December 2019, paving the way for the award of Engineering, Procurement and Construction Contracts to SCD JV Consortium in May 2020.<ref>www.nigerialng.com</ref> |
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{{cite web |
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| url = http://www.nlng.com/NR/exeres/2C5AE78E-F775-41BA-8E79-3C78407CD29F%2Cframeless.htm |
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| title = Facts and Figures - Nigeria LNG |
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| publisher = Nigeria LNG |
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| year=2009 |
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|accessdate=2009-11-02}} |
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</ref> The total cost of building six LNG trains was US$9.348 billion.<ref>{{Cite web |title=Nigeria LNG - OilfieldWiki |url=http://www.oilfieldwiki.com/wiki/Nigeria_LNG |access-date=2023-05-02 |website=www.oilfieldwiki.com}}</ref> |
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The company has a wholly–owned subsidiary set up in 1989,<ref name="Nigeria LNG Limited 2009"/> [[Bonny Gas Transport]] (BGT) Limited, which provides shipping services for NLNG.<ref>{{cite web|url=http://www.nlng.com/NLNGnew/BGT/milestones.htm|archive-url=https://web.archive.org/web/20060108221505/http://www.nlng.com/NLNGnew/BGT/milestones.htm|url-status=dead|archive-date=2006-01-08|title=BGT Milestones|publisher=Bonny Gas Transport Limited|year=2009|accessdate=2009-11-02}}</ref> BGT was set up in [[Bermuda]] with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG's shareholders.<ref>{{Cite web |title=Nigeria LNG (NLNG) Scholarships and internships |url=https://www.wemakescholars.com/company/nigeria-lng-nlng- |access-date=2023-05-02 |website=WeMakeScholars |language=en-IN}}</ref> |
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== Shareholders == |
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Nigeria LNG Limited is jointly owned in the following proportions: [[Nigerian National Petroleum Company Limited]] ([https://www.nnpcgroup.com/Pages/About-NNPC.aspx NNPC]) owns 49%, [[Royal Dutch Shell|Shell Gas B.V.]] owns 25.6%, [[Total S.A.|TotalEnergies Gaz & Electricité Holdings]] owns 15% and [[Eni|Eni International]] owns 10.4%.<ref name="Nigeria LNG Limited 2009"/> |
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Another wholly owned subsidiary of Nigeria LNG Limited is Nigeria LNG Ship Manning Limited (NSML), which was set up in 2008 to give dedicated attention to providing, developing and managing high calibre personnel for NLNG's maritime business.<ref> |
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== Sponsorship == |
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{{cite web |
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Nigeria LNG Limited sponsors [[Nigeria Prizes for Science and Literature|The Nigeria Prize for Science, The Nigeria Prize for Literature and The Nigeria Prize for Literary Criticism]].<ref>https://www.thenigeriaprizes.org/</ref> |
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| url = http://www.gbcimpact.org/nigeria-lng |
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| title = Nigeria LNG Ltd Company Profile |
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| work = Global Business Coalition |
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| year=2010 |
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| accessdate=2010-09-15 |
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| archive-url = https://web.archive.org/web/20110726082717/http://www.gbcimpact.org/nigeria-lng |
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| archive-date = 2011-07-26 |
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| url-status =dead}} |
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</ref> |
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== Sponsorship == |
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Nigeria LNG Limited (in partnership with the [[Nigerian Academy of Science]] and the Nigerian Academy of Letters) sponsors [[Nigeria Prize for Science]] and the [[Nigeria Prize for Literature]].<ref>{{cite web|url=http://www.nlng.com/NR/exeres/C6D50184-0CED-4070-B3E3-B9F2B72ADDA9%2Cframeless.htm|title=Nigeria Prize for Literature (History and Guidelines)|publisher=Nigeria LNG |year=2009|accessdate=2009-11-23}}</ref> |
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== References == |
== References == |
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{{Reflist|2}} |
{{Reflist|2}} |
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==External links== |
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{{Portal|Nigeria|Energy}} |
{{Portal|Nigeria|Energy}} |
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* {{Official website}} |
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[[Category:Natural gas in Nigeria]] |
[[Category:Natural gas in Nigeria]] |
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[[Category:JGC Corporation]] |
[[Category:JGC Corporation]] |
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[[Category:Ibani people]] |
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Latest revision as of 17:15, 10 December 2024
Nigeria LNG Limited (NLNG) is a liquefied natural gas (LNG)-producing company and a liquefied natural gas plant on Bonny Island, Nigeria.[1]
History
[edit]Nigeria LNG Limited was incorporated as a limited liability company on 17 May 1989, to produce LNG and natural gas liquids (NGL) for export.[1] The plant was built by TSKJ consortium, which was led by former Halliburton's subsidiary KBR. Other participants of the consortium were Snamprogetti, Technip and JGC Corporation.[2] The first train came into operation in 1999.[3]
In September 1999, the Bonny plant started production and was expected to send its first shipment in October. It started with sales contracts with Enel for 3.5 billion bcm/y, Enagás for 1.6 bcm/y, BOTAŞ for 1.2 bcm/y, and Gaz de France for 500 million cu m/year. The feed gas was provided by Shell, Elf Aquitaine and Agip.[4]
There are investigations[when?] concerning alleged bribes of $180 million paid by the TSKJ consortium of engineering companies to Nigerian government officials[5] (not Nigeria LNG staff) in the period 1994–2004 to obtain contracts worth more than $6 billion to win the contract to build Nigeria LNG facilities.[2] KBR pleaded guilty, in February 2009, to paying bribes to Nigerian government officials to secure four contracts to build and expand the Nigeria LNG terminal.[6] In Italy, Milan's prosecutors office has begun legal proceedings to bar Eni and Saipem, owners of Snamprogetti, from doing business with NNPC because of these alleged bribes paid by the TSKJ consortium to Nigerian government officials.[2] Snamprogetti will pay $240 million in fines to avoid prosecution by the United States Department of Justice for violation of the Foreign Corrupt Practices Act.[citation needed] In addition, Eni and Snamprogetti will pay $125 million to settle a U.S. Securities and Exchange Commission case.[7]
In 2013, NLNG signed an agreement with Samsung Heavy Industries and Hyundai Heavy Industries for the delivery of 4 LNG carrier ships that cost US$1.2 billion and that brought NLNG's total fleet to 23 ships.[8]
In 2015, NLNG reported a 36.6% drop in its revenue due to declining oil and gas prices (US$6.84 billion in 2015, US$10.8 billion in 2014).[9] 2015 was the year that NLNG reached the threshold of US$85 billion of LNG exports in 15 years of business.[10]
In July 2016, Tony Attah was named managing director and CEO of Nigeria LNG. He replaced Babs Omotowa who led the company for 5 years and returned to Shell International in the Hague, Netherlands, after his departure.[11] In August 2016, Shell declared Force majeure on most of its feed gas to the facility after a gas leak on Shell's Eastern Gas Gathering System (EGGS-1), but production kept going thanks to alternative sources of gas supplies.[12]
In July 2021, the board of directors appointed Philip Mshelbila as the new Managing Director and Chief Executive Officer of the company. He took over from Tony Attah who was appointed by the board in July 2016.[13][14]
In February 2022, the board of directors appointed Olalekan Olufemi Ogunleye as the new deputy managing director of the company. He took over from Sadeeq Mai-Bornu who was appointed by the board in April 2016.[15][16]
Operations
[edit]Nigeria LNG Limited is jointly owned in the following proportions: Nigerian National Petroleum Corporation (NNPC) owns 49%, Shell Gas B.V. owns 25.6%, Total LNG Nigeria Ltd owns 15% and Eni International owns 10.4%.[1]
Nigeria LNG Limited operates six liquefaction units (LNG trains) producing 22 million tonnes per year of LNG.[3] This amounts to roughly 10% of the world's LNG consumption.[17] Trains 1, 2 and 3 have production capacities of 3.2 million tonnes per year, whilst trains 4, 5 and 6 have capacities of 4.1 million tonnes per year each.[18]
The base project (Trains 1 and 2) which cost US$3.6 billion, was financed by NLNG's shareholders.[1] The third train (expansion project), including additional storage, cost US$1.8 billion and was funded by shareholders as well as reinvested revenue from the base project.[2] The NLNGPlus project (Trains 4 & 5) cost US$2.2 billion and was funded with a combination of internally generated revenue and third party loans amounting to US$1.06 billion.[19] Train 6 (NLNGSix project) cost US$1.748 billion, financing was handled by shareholders.[20] The total cost of building six LNG trains was US$9.348 billion.[21]
The company has a wholly–owned subsidiary set up in 1989,[1] Bonny Gas Transport (BGT) Limited, which provides shipping services for NLNG.[22] BGT was set up in Bermuda with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG's shareholders.[23]
Another wholly owned subsidiary of Nigeria LNG Limited is Nigeria LNG Ship Manning Limited (NSML), which was set up in 2008 to give dedicated attention to providing, developing and managing high calibre personnel for NLNG's maritime business.[24]
Sponsorship
[edit]Nigeria LNG Limited (in partnership with the Nigerian Academy of Science and the Nigerian Academy of Letters) sponsors Nigeria Prize for Science and the Nigeria Prize for Literature.[25]
References
[edit]- ^ a b c d e "The Company - Nigeria LNG". Nigeria LNG Limited. 2009. Retrieved 2016-12-21.
- ^ a b c d Begum, Aleya (2009-10-21). "Judge delays Eni Nigeria ruling". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
- ^ a b Orji, Udenna (2009-09-28). "Nigeria Set to Become World's Second-largest LNG Supplier - Official". Leadership. Downstream Today. Retrieved 2009-11-08.
- ^ "Nigeria LNG starts up Bonny LNG plant". Oil & Gas Journal. PennWell Corporation. 27 September 1999. Retrieved 21 December 2016.
- ^ "Haliburton and Nigeria: A chronology of key events". 234 Next. 2009. Archived from the original on 2011-10-08. Retrieved 2009-11-09.
- ^ Davis, Jonathan (2009-02-09). "KBR booked in Nigeria graft case". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
- ^ Perez Rivas, Claudia (2010-07-07). "Duo to pay $365m in bribe case". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
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