Nigeria LNG Limited, NLNG, has generated more than $149.6 billion in revenue since it commenced operations, as the company intensifies efforts to expand domestic cooking gas supply and boost production through its Train 7 expansion project.
Speaking at the company’s annual Facts & Figures media engagement, Managing Director and Chief Executive Officer, Engr. Adeleye Falade, said NLNG remains focused on strengthening Nigeria’s energy security by improving operational efficiency, expanding production capacity and investing in strategic infrastructure that will support long-term economic growth.
Falade said the company’s operational performance has improved significantly in recent years, positioning it to meet rising domestic and international demand for liquefied natural gas, LNG.
He noted that sustained efforts were being made to achieve world-class operational efficiency while maintaining safe and reliable production.
A major pillar of the company’s growth strategy, according to him, is the ongoing Train 7 project, which is expected to raise NLNG’s production capacity by about 35 per cent, from 22 million tonnes per annum (mtpa) to 30 mtpa.
He added that the project would also increase Liquefied Petroleum Gas, LPG, production for the domestic market by about 50 per cent, providing an additional 250,000 tonnes annually to support cleaner household energy use.
Falade described the project as a strategic investment in Nigeria’s future, saying it would create jobs, deepen local content development, strengthen exports and unlock greater value from the country’s abundant natural gas resources.
He disclosed that since inception, NLNG has paid more than $47.2 billion in dividends to shareholders and remitted over $10.8 billion in taxes to the Federal Government, while its asset base has grown beyond $22.9 billion.
The company has also exported more than 6,285 LNG cargoes and currently supplies over 500,000 tonnes of LPG annually to the Nigerian market.
The NLNG boss reaffirmed the company’s support for the Federal Government’s Decade of Gas initiative, stressing that natural gas remains central to industrialisation, energy security and Nigeria’s transition to a lower-carbon economy.
He said NLNG was also advancing its environmental sustainability agenda through emissions reduction programmes, conservation initiatives, including the protection of the Finima Nature Park, and collaboration with regulators on carbon capture and storage projects.
Falade further highlighted the Bonny-Bodo Road as one of the country’s most significant private-sector infrastructure investments, noting that the project has opened up Bonny Island to the mainland and created new economic opportunities for surrounding communities.
While acknowledging that feed gas availability remains a challenge for the industry, he expressed confidence that ongoing collaboration among government, regulators and upstream operators, alongside recent policy reforms, would strengthen gas supply and support future growth.
He also urged stakeholders to focus on commercialising Nigeria’s vast gas reserves, arguing that the country’s long-term competitiveness would depend on its ability to convert natural resources into sustainable economic value.
Earlier, the company’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the annual Facts &Figures engagement reflects NLNG’s commitment to transparency and accountability.
She noted that beyond presenting performance data, the forum provides the media with deeper insight into the company’s operations, its contribution to the economy and the strategic role of natural gas in Nigeria’s development.
