The Nigeria Liquefied Natural Gas (NLNG) Limited has been de scribed as one of the fastest growing liquefied natural gas ventures in the world.

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Engineer Funsho Kupolokun revealed this during a meeting with the
Andrew Jamieson
MD, NLNG NLNG Board of Directors at the Corporate Headquarters in Abuja.

Engr. Kupolokun explained that the growth was made possible by the hard work and commitment shown by the NLNG Board of Directors.

Smart Fadayomi, the then Group General Manager, LNG and Power Division, in his paper presentation entitled “Progress of the NLNG Project and Bonny Gas Transport Status and Recent Development,” gave a brief history of the Liquefied Natural Gas project in Nigeria.

He stated that the base projects consisting of trains one and two, and the expansion project, train three, were all in full operation, adding that the project also consisted of three additional LNG trains with combined capacity to produce nine million tons per annum, a fractionating plant, which produces LPG, and storage facilities for LNG and LPG

The GGM said that the Nigeria LNG was a joint venture, which has the NNPC with 49%, ENI International with 10.4%, Shell Gas with 25.6, and Total with 15% shares in the ownership structure, adding that the company’s consolidated total assets have risen from 4.16 to 9 million dollars.

Also speaking at the meeting, the Chairman, Board of Directors of the NLNG, Dr Long John said that the Board was confident and ready to continue the success story of the NLNG.