… Train 7 project to boost production capacity by 35%, increase LPG supply as company surpasses $149.6 billion in revenue since inception
Rashidat O. Okunlade Writes | Lagos
Nigeria LNG Limited (NLNG) has reaffirmed its commitment to driving sustainable growth, enhancing the nation’s energy security, and delivering long-term value through operational excellence, production capacity expansion, and strategic infrastructure development.
The company’s Managing Director and Chief Executive Officer, Engr. Adeleye Falade, made this known during the company’s annual Facts & Figures media engagement in Abuja, where he highlighted significant progress in improving plant performance and outlined ambitious plans for the future.
Operational Recovery and Efficiency Gains
Falade noted that the company’s operational utilisation has recovered considerably, with sustained efforts underway to achieve and maintain world-class levels of operational efficiency. The recovery positions NLNG to meet growing domestic and international demand for liquefied natural gas.
Train 7: Africa’s Largest LNG Expansion Project
Describing Train 7 as one of Africa’s largest LNG expansion projects, Falade said the investment demonstrates NLNG’s confidence in Nigeria’s gas future and its commitment to supporting the country’s long-term economic growth.
“Train 7 represents much more than additional production capacity,” Falade stated. “It reflects our confidence in Nigeria’s gas potential and our commitment to creating long-term value through increased exports, stronger domestic gas supply, Nigerian Content development, and economic growth.”
The project is expected to increase NLNG’s production capacity by approximately 35 per cent from 22 million tonnes per annum (mtpa) to 30 mtpa, while significantly increasing Liquefied Petroleum Gas (LPG) production for the domestic market by about 50 per cent, adding an estimated 250,000 tonnes annually.
Economic Impact: By the Numbers
Presenting highlights of the company’s performance since commencement of operations, Falade revealed impressive figures that underscore NLNG’s enduring contribution to Nigeria’s economy:
Metric Value
Total Revenue Generated Over US$149.6 billion
Dividends Paid to Shareholders Over US$47.2 billion
Taxes Remitted to Federal Government Over US$10.8 billion
Asset Base Exceeding US$22.9 billion
LNG Cargoes Loaded More than 6,285
Annual LPG Supply to Nigerian Market Over 500,000 tonnes
Supporting the Decade of Gas Initiative
Reaffirming NLNG’s support for the Federal Government’s Decade of Gas initiative, Falade emphasised that natural gas remains critical to industrialisation, economic diversification, energy security, and Nigeria’s transition to a lower-carbon future.
“Train 7 represents more than additional production capacity,” he said. “It is an investment in Nigeria’s future, creating jobs, strengthening our competitiveness, and unlocking greater value from our vast gas resources. Our priority remains the safe delivery of the project while positioning NLNG for sustained growth.”
Commitment to Environmental Sustainability
On sustainability, Falade reaffirmed NLNG’s commitment to responsible environmental stewardship. He highlighted ongoing investments in:
Emissions monitoring and reduction programmes
Conservation initiatives, including the protection of the Finima Nature Park
Collaboration with regulators on carbon capture and storage initiatives as part of the company’s broader decarbonisation journey
Bonny-Bodo Road: A Transformative Infrastructure Investment
Falade highlighted the Bonny-Bodo Road Project as one of Nigeria’s most significant corporate infrastructure investments, noting that the project has provided the first road connection between Bonny Island and mainland Rivers State while unlocking new economic opportunities for surrounding communities.
Addressing Industry Challenges
Acknowledging that feedgas availability remains a priority for the Nigerian gas sector, Falade expressed confidence that ongoing collaboration with government, regulators, and upstream partners, supported by recent reforms will strengthen long-term gas supply and underpin future growth.
He added that despite increasing competition from emerging LNG producers, NLNG remains well positioned through operational excellence, reliable delivery, disciplined execution, and continuous investment in its people and assets.
A Call for Resource Commercialisation
Calling for greater focus on commercialising Nigeria’s vast gas resources, Falade stressed that the country’s competitive advantage would depend not only on the size of its reserves but on its ability to convert those resources into lasting economic value.
“Nigeria possesses one of the world’s largest gas reserves,” he stated. “Our collective responsibility is to monetise that resource responsibly and sustainably, creating jobs, expanding energy access, driving industrialisation, and improving lives for generations to come.”
Media Engagement: A Commitment to Transparency
Earlier, the General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the annual Facts & Figures presentation reflects NLNG’s commitment to transparency, openness, and constructive engagement with the media.
“Today’s engagement is not simply about sharing statistics,” Horsfall said. “It is about providing context that enables better understanding of NLNG’s business, our contribution to Nigeria’s economy, and the strategic role natural gas continues to play in supporting sustainable development.”
She added that NLNG remains committed to deepening engagement with the media through timely information sharing, greater access to subject matter experts, and opportunities for journalists to gain first-hand insight into the company’s operations.
Robust Discussions on Industry Future
The interactive session featured robust discussions on:
Global LNG market dynamics
Domestic gas utilisation
Energy transition and sustainability
Train 7 progress
Nigerian Content development
The future of Nigeria’s gas industry
The engagement reinforced NLNG’s commitment to openness, collaboration, and informed public discourse as the company continues to play a pivotal role in Nigeria’s energy landscape.
For Media Inquiry Contact: ROTA Media Concepts
Rashidat Olushola Okunlade
Editor in-Chief BusinessEcho Magazine Print monthly and ROTAMediaNews digital newspaper publication
rotamedianews@gmail.com businessechomag@gmail.com
08082881578-08060575197
