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Nigeria LNG

November 03, 2023

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]

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.[5]

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).[6] 2015 was the year that NLNG reached the threshold of US$85 billion of LNG exports in 15 years of business.[7]

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.[8] 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.[9]

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.[10][11]

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.[12][13]

Operations edit

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.[14] 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.[15]

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.[16] Train 6 (NLNGSix project) cost US$1.748 billion, financing was handled by shareholders.[17] The total cost of building six LNG trains was US$9.348 billion.[18]

The company has a wholly–owned subsidiary set up in 1989,[1] Bonny Gas Transport (BGT) Limited, which provides shipping services for NLNG.[19] 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.[20]

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.[21]

Shareholders 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]

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.[22]

Controversy edit

There are investigations concerning alleged bribes of $180 million paid by the TSKJ consortium of engineering companies to Nigerian government officials[23] (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.[24] 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.[25]

References edit

  1. ^ a b c d e "The Company - Nigeria LNG". Nigeria LNG Limited. 2009. Retrieved 2016-12-21.
  2. ^ a b c d Begum, Aleya (2009-10-21). "Judge delays Eni Nigeria ruling". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
  3. ^ 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.
  4. ^ "Nigeria LNG starts up Bonny LNG plant". Oil & Gas Journal. PennWell Corporation. 27 September 1999. Retrieved 21 December 2016.
  5. ^ Ohuocha, Chijioke (29 July 2015). "Nigeria LNG to take delivery of four carrier ships this year -CEO". Reuters. Retrieved 21 December 2016.
  6. ^ "Nigeria LNG's revenue drops 37 pct in 2015". LNG World News. 14 April 2016. Retrieved 21 December 2016.
  7. ^ "Nigeria LNG exports reach $85 bn in 15 years". Agence France-Presse. 20 June 2015. Retrieved 21 December 2016.
  8. ^ "At NLNG, Babs Omotowa hands over to Tony Attah" (Press release). Nigeria LNG. 14 July 2016. Retrieved 21 December 2016.
  9. ^ Okonkwo, Omono (18 August 2016). "Nigeria LNG still exporting". Natural Gas World. Retrieved 21 December 2016.
  10. ^ Pekic, Sanja (2021-07-12). "New CEO of Nigeria LNG appointed". Offshore Energy. Retrieved 2023-05-24.
  11. ^ "Management Team". www.nigerialng.com. Retrieved 2023-05-24.
  12. ^ Cyril (2022-02-23). "NLNG gets new DMD, as Mai-Bornu bows out". The Sun Nigeria. Retrieved 2023-05-24.
  13. ^ Report, Agency (2022-02-24). "NLNG deputy MD bows out as tenure ends". Punch Newspapers. Retrieved 2023-05-24.
  14. ^ Pitt, Anthea (2008-11-28). "NLNG declares force majeure". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
  15. ^ Lansdell, Ronald (2006). (PDF). IEA Gas Security Workshop. Paris: International Energy Agency. Archived from the original (PDF) on 2011-06-11. Retrieved 2009-11-02.
  16. ^ "NIGERIA LNG LIMITED (NLNG) - ENERGY COMPANY". School Software Pro. 2023-03-06. Retrieved 2023-05-02.
  17. ^ "Facts and Figures - Nigeria LNG". Nigeria LNG. 2009. Retrieved 2009-11-02.
  18. ^ "Nigeria LNG - OilfieldWiki". www.oilfieldwiki.com. Retrieved 2023-05-02.
  19. ^ . Bonny Gas Transport Limited. 2009. Archived from the original on 2006-01-08. Retrieved 2009-11-02.
  20. ^ "Nigeria LNG (NLNG) Scholarships and internships". WeMakeScholars. Retrieved 2023-05-02.
  21. ^ . Global Business Coalition. 2010. Archived from the original on 2011-07-26. Retrieved 2010-09-15.
  22. ^ "Nigeria Prize for Literature (History and Guidelines)". Nigeria LNG. 2009. Retrieved 2009-11-23.
  23. ^ . 234 Next. 2009. Archived from the original on 2011-10-08. Retrieved 2009-11-09.
  24. ^ Davis, Jonathan (2009-02-09). "KBR booked in Nigeria graft case". Upstream Online. NHST Media Group. Retrieved 2009-11-08.
  25. ^ Perez Rivas, Claudia (2010-07-07). "Duo to pay $365m in bribe case". Upstream Online. NHST Media Group. Retrieved 2009-11-08.

4°25′33″N 7°09′11″E / 4.4258°N 7.1531°E / 4.4258; 7.1531

November 03, 2023
nigeria, limited, nlng, liquefied, natural, producing, company, liquefied, natural, plant, bonny, island, nigeria, contents, history, operations, shareholders, sponsorship, controversy, referenceshistory, edit, limited, incorporated, limited, liability, compan. Nigeria LNG Limited NLNG is a liquefied natural gas LNG producing company and a liquefied natural gas plant on Bonny Island Nigeria 1 Contents 1 History 2 Operations 3 Shareholders 4 Sponsorship 5 Controversy 6 ReferencesHistory editNigeria 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 Enagas for 1 6 bcm y BOTAS 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 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 5 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 6 2015 was the year that NLNG reached the threshold of US 85 billion of LNG exports in 15 years of business 7 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 8 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 9 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 10 11 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 12 13 Operations editNigeria 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 14 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 15 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 amp 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 16 Train 6 NLNGSix project cost US 1 748 billion financing was handled by shareholders 17 The total cost of building six LNG trains was US 9 348 billion 18 The company has a wholly owned subsidiary set up in 1989 1 Bonny Gas Transport BGT Limited which provides shipping services for NLNG 19 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 20 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 21 Shareholders editNigeria 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 Sponsorship editNigeria 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 22 Controversy editThere are investigations concerning alleged bribes of 180 million paid by the TSKJ consortium of engineering companies to Nigerian government officials 23 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 24 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 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 amp Gas Journal PennWell Corporation 27 September 1999 Retrieved 21 December 2016 Ohuocha Chijioke 29 July 2015 Nigeria LNG to take delivery of four carrier ships this year CEO Reuters Retrieved 21 December 2016 Nigeria LNG s revenue drops 37 pct in 2015 LNG World News 14 April 2016 Retrieved 21 December 2016 Nigeria LNG exports reach 85 bn in 15 years Agence France Presse 20 June 2015 Retrieved 21 December 2016 At NLNG Babs Omotowa hands over to Tony Attah Press release Nigeria LNG 14 July 2016 Retrieved 21 December 2016 Okonkwo Omono 18 August 2016 Nigeria LNG still exporting Natural Gas World Retrieved 21 December 2016 Pekic Sanja 2021 07 12 New CEO of Nigeria LNG appointed Offshore Energy Retrieved 2023 05 24 Management Team www nigerialng com Retrieved 2023 05 24 Cyril 2022 02 23 NLNG gets new DMD as Mai Bornu bows out The Sun Nigeria Retrieved 2023 05 24 Report Agency 2022 02 24 NLNG deputy MD bows out as tenure ends Punch Newspapers Retrieved 2023 05 24 Pitt Anthea 2008 11 28 NLNG declares force majeure Upstream Online NHST Media Group Retrieved 2009 11 08 Lansdell Ronald 2006 Coping with security challenges of natural gas markets PDF IEA Gas Security Workshop Paris International Energy Agency Archived from the original PDF on 2011 06 11 Retrieved 2009 11 02 NIGERIA LNG LIMITED NLNG ENERGY COMPANY School Software Pro 2023 03 06 Retrieved 2023 05 02 Facts and Figures Nigeria LNG Nigeria LNG 2009 Retrieved 2009 11 02 Nigeria LNG OilfieldWiki www oilfieldwiki com Retrieved 2023 05 02 BGT Milestones Bonny Gas Transport Limited 2009 Archived from the original on 2006 01 08 Retrieved 2009 11 02 Nigeria LNG NLNG Scholarships and internships WeMakeScholars Retrieved 2023 05 02 Nigeria LNG Ltd Company Profile Global Business Coalition 2010 Archived from the original on 2011 07 26 Retrieved 2010 09 15 Nigeria Prize for Literature History and Guidelines Nigeria LNG 2009 Retrieved 2009 11 23 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 nbsp Nigeria portal nbsp Energy portal4 25 33 N 7 09 11 E 4 4258 N 7 1531 E 4 4258 7 1531 Retrieved from https en wikipedia org w index php title Nigeria LNG amp oldid 1170543120, wikipedia, wiki, book, books, library,

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