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NLNG has paid $20.5bn to FG since 2016 —MD

By Emmanuel Elebeke

ABUJA—Managing Director of Nigeria Liquefied Natural Gas, NLNG, Mr. Tony Attah, has said the company has so far paid $5.5 billion in taxes and $15 billion in dividends to the Federal Government since his appointment in July last year.

He also revealed that the NLNG spent $13 billion on the purchase of gas to process into liquefied form.

Attah disclosed this on Bonny Island, Rivers State, after a facility tour of the plant of the NLNG by the Minister of Information and Culture,. Alhaji Lai Mohammed, and his team.

The NLNG is a Nigerian company managed 100 per cent by Nigerians and with 95 per cent Nigerian staff.

He said  the time had come for Nigeria to unleash its gas potential and power the economy, especially as the country has the ninth largest gas reservoir in the world, with a proven 187 trillion cubic feet.

Oil Pipe

Target $25bn FDI

To realise the dream, he said the NLNG was embarking on the ambitious project for the construction of Trains 7 and 8, which will attract $25 billion Foreign Direct Investment and the creation of 18,000 jobs in the construction phase alone.

He said: “It’s time for gas and it’s time for Nigeria and we believe this is possible. We see that opportunity from Trains 7 and 8 unleashing the gas potential.

“We see deliberate opportunities of the country going after the 600TcF of gas (reserve). In building Trains 7 and 8, potential investment that will be coming is about $25 billion,” he said.

Reduces gas-flaring to 20%

Attah said the country, through the NLNG, has succeeded in reducing gas flaring from 65 per cent to 20 per cent, adding that it would continue to diversify the energy resources and monetize gas in the country.

In his remarks, Minister of Information and Culture, Alhaji Lai Mohammed, described NLNG as a shining example of the Nigerian success story in management and technical competence.

He said: “Until I came here, I did not know that Nigeria has a humongous asset as the NLNG. I have been reading about NLNG but coming here and having a firsthand experience and information, the briefing and the tour of the place have actually changed my mind completely about the NLNG.

“I am inspired, excited and proud to be a Nigerian. This probably is the best success story of this country and my pride largely derives from the fact that this company is run by Nigerians. The management entirely represents Nigeria and when you look at the complexity of the operation, I’m also very proud that this is coming from Nigeria.”

Mohammed said the NLNG was the incubator for the growth of the nation’s oil and gas industry, and that if adequately encouraged, the company would replicate in Nigeria the kind of transformation that Qatar did with its gas reserves.

The Minister urged the media to continue to project the NLNG positively to ensure the vision of the company was realized.


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