Tag: NLNG

  • NLNG gets FIRS’ most compliant taxpayer award

    NLNG gets FIRS’ most compliant taxpayer award

    NLNG has received the prestigious award of Most Compliant Taxpayer by the Federal Inland Revenue Service (FIRS) at the 2024 FIRS Day during the Lagos International Trade Fair.

    This recognition is part of the FIRS Compliant Taxpayer Award and Recognition Programme, designed to acknowledge companies that consistently meet their tax obligations, contributing to the development of Nigeria’s economy.

    NLNG External Relations General Manager, Sophia Horsfall disclosed this in a statement yesterday.

     According to the statement, the award marks a significant achievement for NLNG, following the Company’s receipt of the FIRS Most Supportive Taxpayer Award in 2021. The 2021 recognition was conveyed by FIRS, commending the top-performing taxpayers for their compliance, which helped the service surpass its tax collection target.

    In a statement, the FIRS commended NLNG for its consistent and exemplary adherence to tax laws, emphasising the Company’s contributions to national development. The service highlighted NLNG’s unwavering commitment to fulfilling its tax responsibilities, recognising the Company’s exceptional compliance with tax regulations and its role in the broader economic growth of the country.

    The award was received by Titi Horsfall, Head of Editorial and Digital Content, on behalf of the Company.

    Read Also: BREAKING: Familoni wins 2024 NLNG $100,000 prize

    Speaking on the announcement, NLNG’s Managing Director and Chief Executive Officer, Dr. Philip Mshebila, noted that the recognition coincides with a milestone for NLNG, marking its 35th anniversary of incorporation and the 25th anniversary of successful LNG production in Nigeria. He reaffirmed that this award is a testament to NLNG’s long-standing commitment to supporting Nigeria’s development, particularly in the energy sector.

    “We are honoured to receive this prestigious recognition from the Federal Inland Revenue Service. It reflects the dedication of our Board, management, and staff, who work tirelessly to ensure that NLNG remains a responsible corporate entity. This award also reinforces our ongoing commitment to contributing to the sustainable development of Nigeria’s economy.”

    He further emphasised that NLNG’s commitment to compliance is integral to the Company’s mission to be a global leader in energy, driving not only Nigeria’s energy sector forward but also contributing to the improvement of lives through responsible business practices.

  • NLNG unveils new logo

    NLNG unveils new logo

    The Nigeria Liquefied Natural Gas (NLNG), on Friday, in Lagos, unveiled its new logo as part of activities marking its 35th anniversary.

    The Managing Director, NLNG, Philip Mshelbila  unveiled the logo as well as the brand tagline ‘Inspiring Sustainable Future,’ at a colourful award ceremony of its sponsored science and literature prizes, tagged: ‘The Future, held at Eko Hotel and Suites

    According to him, the essence of NLNG’s rebranding lies in the company’s resolution to inspire a sustainable future. The new logo, he added, represents the dynamic spirit of our company to protect the legacy of excellence while embracing the future of optimism and courage.

    Read Also: NLNG rewards media for contribution to prizes

    “We are not just celebrating past achievements in our history but also unveiling a new chapter in our journey.  One that is poised to redefine our future and our impact on the world.

    “As we unveil our new logo and embrace our purpose statements, which is providing energy to improve lives sustainably as well as our brand tagline, ‘Inspiring a sustainable future,’ we are setting a bold course for what lies ahead.

    “The energy sector is at a pivotal moment where the demand for sustainability and innovation are not merely aspirations but necessities. At NLNG, we remain steadfast in our ambition to deliver not just energy but solutions that enhance lives and foster a better world,” Mshelbila said.

  • NLNG rewards media for contribution to prizes

    NLNG rewards media for contribution to prizes

    Nigeria LNG Limited, over the weekend, celebrated the media for its contribution to the development of The Nigeria Prize for Literature and The Nigeria Prize for Science in the last 20 years, recognising media stakeholders for their dedication and commitment to the coverage of the Prizes.

    At an event titled “Celebrating the Voices of Impact” held in Lagos, the Company also announced the sponsorship of a new prize category at the prestigious Diamond Awards for Media Excellence (DAME) called “The NLNG Prize for Energy Reporting”.

    The event featured a keynote speech by Mrs. Funke Egbemode, former President of the Nigerian Guild of Editors and ex-Commissioner for Information and Orientation in Osun State. 

    Additionally, a fireside chat on “Leveraging Technology for Media Curation Advancement and Efficiency” was held, with Tayo Fagbule, Editor of BusinessDay, and Tolu Ogunlesi, former Special Assistant on Digital Media to the President, as speakers. 

    The session was moderated by Àníkẹ́adé Fúnkè Treasure.

    A key moment of the event was the presentation of a One-Time Recognition Award to Prisca Sam-Duru, a literary and arts reporter at Vanguard, for her outstanding contributions in covering the Prizes. 

    Other journalists recognized for exemplary coverage included Chidinma Agu (News Agency of Nigeria), Terh Agbedeh (ThisisLagos), Gabriel Akinadewo (Freedom Online), and Sopuruchi Onwuka (The Oracle).

    NLNN  General Manager for External Relations and Sustainable Development, Andy Odeh, said that the media has provided insightful reporting on the Prizes, highlighting the significance of Prizes and bringing them to the top of the agenda in the country.

    He remarked that while celebrating the 20th year anniversary of the Prizes and recognising the innovation, creativity and the rich cultural tapestry, the media should be celebrated for the essential role in elevating the discourse around science and technology in Nigeria, encouraging collaboration and investment in these vital fields, and shining a light on the power of literature to inspire change and foster understanding.

    Regarding the new NLNG Prize for Energy Reporting at DAME, Mr. Odeh noted that the award aims to recognise journalists who excel in reporting on energy issues, helping shape public understanding of Nigeria’s energy landscape. It encourages insightful coverage that engages stakeholders, policymakers, and the public on critical energy matters.

    Mrs. Egbemode, in her keynote speech titled “Celebrating the Voices of Impact: The NLNG Story” emphasised the importance of the media, and acknowledged its influence in shaping public opinion, disseminating knowledge, and upholding democracy. 

    She stressed the media’s function as a watchdog in society, promoting transparency and accountability, and highlighted its role in driving social change through investigative journalism and storytelling. 

    Read Also: NLNG: Investment needed to drive energy transition

    She urged for a responsible and ethical media system that can continue to uphold democratic principles and foster social development.

    She also commended NLNG for supporting new generations of innovators and writers through the Prizes, noting their positive impact on Nigeria’s global reputation. 

    The award jury, consisting of Mr. Taiwo Obe, Ms. Kadaria Ahmed, and Mr. Chido Nwakanma, announced Prisca Sam-Duru as the winner, citing her exceptional, consistent, and original work. She was awarded N5 million and a laptop, while other recognized journalists also received gifts.

    According to the jury, the journalists were judged on Quality (which embodies accuracy, depth, grammar and language flow), Originality (beyond press statements and independent work), Frequency (number of articles) and Consistency (number of years of coverage).

  • Eleven short listed for 2024 NLNG Literature prize

    Eleven short listed for 2024 NLNG Literature prize

    The Advisory Board for The Nigeria Prize for Literature has unveiled the longlist of 11 books competing for the 2024 prize selected from a total of 163 entries. This year’s focus is on Children’s Literature.

    Sponsored by Nigeria LNG Limited (NLNG), the prize offers a cash award of $100,000.

    Here are the 11 longlisted books, arranged alphabetically by title:

    A Father’s Pride by Ndidi Chiazor-Enenmo

    Bode’s Birthday Party by Akanni Festus Olaniyi

    Grandma And The Moon’s Hidden Secret by Jumoke Verissimo

    Mighty Mite And Golden Jewel by Henry Akubuiro

    Risi Recycle – The Dustbin Girl by Temiloluwa Adeshina

    The Children At The IDP Camp by Olatunbosun Taofeek

    The Magic Jalabiya by Ayo Adeliyi Oyeku

    The Road Does Not End by Familoni Oluranti Olubunmi

    The Third Side of A Coin by Hyginus Ekwuazi

    Village Boy by Anietie Usen

    Wish Maker by Uchechukwu Peter Umezurike

    The Chairman of the Panel of Judges, Professor Saleh Abdu of the Federal University of Kashere, Gombe State, presented the list to the Advisory Board. 

    The panel also included Professor Vicky Sylvester and Dr. Osarobu Igudia. In their report, the judges described the longlisted books as entries with profound narratives and the authors’ creative prowess, highlighting the vividness of the characters and stories.

    Professor Akachi Adimora-Ezeigbo, Chairman of the Advisory Board, accepted the longlist, commending the judges for their meticulous selection. 

    She emphasised the importance of Children’s Literature in shaping young minds and stressed the need for quality and relevance in the literature that children are exposed to. She noted that the subject matter in Children’s Literature must resonate with the future.

    The Nigeria Prize for Literature rotates yearly amongst four literary categories – prose fiction, poetry, drama, and children’s literature.

    A shortlist of three is expected in September. A winner, if any, will be announced by the Advisory Board in October, according to a release signed byG NLNG General Manager, External Relations and Sustainable Development, Andy Odeh.

  • $4.3b Train 7 at 67% completion, NLNG tells Reps

    $4.3b Train 7 at 67% completion, NLNG tells Reps

    The 4.3 billion Train 7 project of the Nigeria LNG Limited (NLNG) on Bonny Island has reached 67 per cent completion.

    Officials of the company made this disclosure at a reconvened session of the Senate and House of Representatives’ Joint Committee on Gas (the Committee), Abuja.

    The company reaffirmed its commitment to delivering economic benefits through the Train 7 project on Bonny Island.

    The officials of the Company provided necessary information and clarifications to address issues raised by the Committee.

    NLNG External Relations and Sustainable Development, General Manager, Andy Odeh made this known in a press statement yesterday.

    The statement noted that “NLNG confirmed that the project, with a total contract sum of $4.3 billion, has reached an overall progress of 67% completion, achieving significant construction milestone of over 45 million man-hours without any Lost Time Injury (LTI). “The Company noted that the project was already delivering on one of its benefits with over 9,000 Nigerians working in the project on Bonny Island, and numerous indirect jobs and businesses emerging and booming as a result of the construction.”

    NLNG emphasised that the Train 7 project is a strategic initiative that will support the diversification of the country’s revenue sources, revenue generation during the Energy Transition, and aid the country in achieving a net-zero future.

    Read Also: Ladoja faults Makinde on Olakulehin’s health status

    It also noted that the project remained crucial for monetising Nigeria’s vast gas resources, estimated at over 200 trillion cubic feet (tcf) of proven reserves and it remains an inspiration to other gas development initiatives aimed at enhancing gas monetisation and utilisation in the country.

    The Company equally stressed the significance of the project to the Federal Government’s Decade of Gas initiative. It emphasised that the project is aligned with Nigeria’s gas development aspirations, as the outlined initiative is both timely and essential to secure the nation’s future, particularly as the global movement towards a net-zero future accelerates.

    NLNG expressed its respect for the National Assembly and committed to collaborate with the legislature to transform Nigeria’s energy landscape. It called on all stakeholders including the Federal Government and all well-meaning Nigerians to support the preservation of an enabling environment for its successful completion and the attraction of more transformational projects to Nigeria.

  • Rowdiness mars Senate’s public hearing on $4.451b NLNG Train 7 project

    Rowdiness mars Senate’s public hearing on $4.451b NLNG Train 7 project

    The investigative public hearing organised by the National Assembly’s joint committee on Gas into the $4.451 billion Nigeria Liquefied Natural Gas (NLNG) Train 7 Project was marred yesterday by controversies, disagreements, and rowdiness.

    Twice and for over an hour each, the joint committee of the Senate and House of Representatives, which was conducting the investigation, went into closed-door sessions with the NLNG officials, led by its Project Director, Ali Uwais, as well as the contractors handling the project.

    Trouble started when Uwais submitted a document containing what the lawmakers called limited information.

    Uwais also told the committee that the fluctuation in foreign exchange rate was a principal cause of contract variation.

    On the status of the project, he said: “The overall progress of the project is at 67 per cent completion, made up of engineering at 97.9 per cent, procurement at 95.5 per cent and construction at 52.5 per cent.”

    Amid the tense situation, the committee went into the first closed-door session.

    Read Also: Aiyedatiwa, Agboola, 15 others make final list of Ondo Gov candidates

    After an hour of secret talks, reporters were called in to monitor the situation.

    Lawmakers took their turn to condemn the insistence of the NLNG and the contractors on not making useful information available for the investigation.

    The contentious issues include lack of information and explanation on the original contract sum of $4,372,760,462.

    Others are: limited information on the 99 total variation requests worth $177,892,289; approved 62 variation orders amounting to $43,771,475; and approved amendments (claims/settlement) worth $35,000,000.

    The NLNG had informed the committee that there were five variation requests being evaluated, which amounted to $7,609,678.

    But having failed to get the information they requested for, the committee, in a resolution, agreed to formally make its requests known to the NLNG on the document and other information needed.

    It also charged the NLNG to halt further variations in the $4.451,731,937 billion contract.

    The chairman of the joint committee, Senator Jarigbe Agom Jarigbe, expressed disappointment that a clause in the document clearly showed that “figures contained therein are disputed and subject to ongoing legally privileged commercial negotiations”.

    Jarigbe said it meant the figures could not be used for the investigation.

    The committee adjourned to reconvene on July 3.

  • Rowdiness mars Senate’s public hearing on $4.451bn NLNG Train 7 Project

    Rowdiness mars Senate’s public hearing on $4.451bn NLNG Train 7 Project

    The investigative public hearing organised by the National Assembly’s joint committee on Gas into the $4.451 billion Nigeria Liquified Natural Gas (NLNG) Train 7 Project was on Thursday marred by controversies, disagreements and rowdiness.

    Twice and for over an hour each, the joint Committee of the Senate and House of Representatives conducting the investigation went into closed-door sessions with the NLNG officials led by its Project Director, Ali Uwais, as well as the contractors handling the project.

    Trouble started when Uwais submitted a document containing what the lawmakers called limited information.

    Uwais also told the committee that the fluctuation in foreign exchange rate was a principal cause of contract variation.

    On the status of the project, Uwais said: “The overall progress of the project is at 67% completion, made up of engineering at 97.9%, procurement at 95.5% and construction at 52.5%.

    Amid the tense situation, the committee went into the first closed-door session. After an hour of secret talks, reporters were called in to monitor the situation.

    Lawmakers took their turn to condemn the insistence of NLNG and the contractors on not making useful information available for the investigation.

    The contentious issues include the lack of information and explanation on the original contract sum which was $4,372,760,462.

    Others are limited information on the 99 total variation requests worth $177,892,289; approved 62 variation orders amounting to $43,771,475; and approved amendments (claims/settlement) worth $35,000,000.

    Read Also: Okonjo-Iweala celebrates 70th birthday amid global outpouring of love

    The NLNG had informed the committee that there were five variation requests being evaluated and they amounted to $7,609,678.

    But having failed to get the information they requested, the committee, in a resolution, agreed to formally make their requests known to the NLNG in terms of document and other information needed.

    It also charged the NLNG to halt further variations in the $4.451,731,937 billion contract.

    The Chairman of the joint committee, Senator Jarigbe Agom Jarigbe, expressed disappointment that a clause in the document clearly said that “figures contained therein are disputed and subject to ongoing legally privileged commercial negotiations”.

    Jarigbe said it means the figures can’t be used for the investigation.

    The Committee adjourned to reconvene on July 3, 2024.

  • LNG: Venture Global criticises Shell, puts NLNG in perspective

    LNG: Venture Global criticises Shell, puts NLNG in perspective

    A US-based firm, Venture Global LNG, has criticized  Shell for its alleged poor performance track record at its LNG facilities.

    Shell LNG is a major Shareholder of Nigeria LNG.

    According to a report by Riviera Maritime Media, the facility conflict involves Shell, BP, REPSOL,  Galp, and other European buyers of LNG.

    The Global LNG markets dispute revolve around the definition of commissioning cargoes from a new LNG facility, which has implications for financing and future sales of LNG developments.

    The report claimed that the European LNG buyers allege that Venture Global LNG, a U.S.-based company, denied them cargoes from its Calcasieu Pass facilities, resulting in billions of dollars in lost profits.

    The European buyers had entered into a binding 20-year sale and purchase agreement with the terminal, representing 8 million tons per annum (mtpa) of the terminal’s total planned 10 mtpa offtake.

    In 2019, the agreed pricing was around $2 per million British thermal units (mmBTU), and by August 2023, spot prices for LNG surged to $89 per mmBTU, resulting in an impressive profit margin exceeding $100 million per LNG cargo.

    Venture Global LNG saw this as an opportunity to sell cargoes at prices far higher than the long-term agreements.

    It was gathered that Venture Global LNG  claimed  that if the cargoes were provided to Shell, Galp, Edison, and others, they would have been sold on the spot market with no benefit to Calcasieu Pass.

    Read Also; NLNG sustains 40% domestic gas supply

    The report said the dispute became intense when Shell, BP, and others wrote to the EU-US Task Force on Energy Security, requesting intervention and accusing Venture Global of “opportunistic” actions.

    Venture Global responded with a letter to the Task Force, highlighting that Shell and others had previously bought and allegedly traded commission LNG cargoes for profit outside of Europe.

    Venture Global LNG decried  what it claimed to be  Shell’s “ abysmal record of failed execution at its own LNG facilities  where they are a major shareholder or a construction leader.”

    Venture Global further told the EU-US Task Force that the dispute was “the latest in a series of unsuccessful attempts to bully an industry newcomer into waiving contractual rights to increase their own profits beyond recent record highs.”

    Venture Global positions itself as a long-term, low-cost provider of US LNG from resource-rich North American natural gas basins.

    Conversely, Shell LNG is a global player and a major shareholder in Nigeria LNG (NLNG).

    Separately, the NLNG has been held to be in a contract breach.

    A London arbitration panel recently found Nigeria LNG in breach of contract for failing to deliver 19 cargoes of LNG under a contract it executed in January 2020. The panel was made up of John Beechey CBE, J William Rowley KC and Nevil Phillips. The enforceability of the arbitration award is being challenged by Nigeria LNG in the UK High Courts.

    It was earlier reported that the Venture Global’s allegation against  Shell and others is similar to the Nigeria LNG breach.

    Shell and others have separately filed arbitration cases against Venture Global LNG at the London Court of Arbitration.

  • NLNG sustains 40% domestic gas supply

    NLNG sustains 40% domestic gas supply

    • NLNG Shipping, firm sign technical agreement

    The Nigerian Liquefied Natural Gas (NLNG) Limited yesterday confirmed its sustenance of 40per cent of Liquefied Petroleum Gas (LPG) also known as domestic gas supply to the country’s market.

    The firm made the confirmation in Abuja as the NLNG Shipping and Marine Services Limited (NSM) signed a technical vessel management agreement of the LPG Alfred Temile 10, with Temile Development Company Limited.

    NLNG External Relations Manager, Mr. Andy Odeh, attributed the feat for moving the gas from its facilities to Temile Development Company Limited.

    He said he was excited over the performance of both the NMSL and Temile Development Company in the operation of the NLNG.

    He noted that the story of domestic gas supply by the NLNG cannot be narrated without attribution to Temile.

    He said: “Eleven of our vessels are currently managed by NMSL. As a parent company we are proud of what our child is doing. Then of course for Alfred Temile, that is the story around NSML and NLNG apart from being a parent company.

    “But if you look at Alfred Temile and try to write the story of NLNG around what we do: domestic LPG in Nigeria, you can’t but put Alfred Temile in that space.

    “They play a very strategic role in ensuring that LPG leaves our facility to every part of Nigeria.

    “Today, we are responsible for about 40per cent LPG that is consumed in Nigeria. Both of you play a very strategic role. So why you are looking at your partnership today, we are looking at our partnership with you to continuously help to build a better Nigeria.”

    The LPG Alfred Temile 10 is a 23,000 cubic metres liquefied petroleum gas vessel owned by Temile Development Company Limited, with NSML designated as the technical vessel manager.

    He said the event marked an important milestone in the Nigerian maritime industry with the collaboration of two Nigerian companies to enhance maritime operations in the oil and gas sector.

    Read Also: DSS alerts on Democracy Day “sinister” protests

    Also speaking, Temile Development Company Limited, Chief Executive Officer (CEO) Alfred Temile expressed joy over the milestone agreement signed with the NSML.

    Alfred narrated that when the company took delivery of first Alfred Temile, a couple of years ago, “it was not a commercial decision, but a decision of we can do it. And now the company has done it.”

    He said there are other Final Investment Decisions (FID) the firm is taking in the gas sector.

    He recalled how reluctant he had been about signing the first contract with the NMSL about four years ago until a bank convinced him to take the commercial decision.

    “The bank said you can’t invest $75million without a contract. I am glad today we did it, and we are excited at it all,” he said.

    He assured that “there are many more to come. We are at a final stage of taking FID on another LPG tanker. There a lot of investment decisions we are taking in terms of deepening our participation in the gas sector”, he said. 

    Speaking, the NSMS Managing Director, Abdulkadir Ahmed, noted that the partnership between the two firms dated back to 2020.

    He said the occasion represents commitment to excellence, safety, and innovation in the maritime industry.

    He promised that “with cutting edge design and technology the vessel is set to set a new standard for LPG penetration in Nigeria and West Africa”.

    Meanwhile, the Nigerian Content Development and Monitoring Board, Executive Secretary, Engr. Felix Omatshola Ogbe, said Nigeria has the resources to succeed in the industry, stressing that all that is needed is cooperation.

    He also said he looked forward to seeing more partnerships for the execution of more vessels.

  • NLNG sustains 40% domestic gas supply 

    NLNG sustains 40% domestic gas supply 

    …as NLNG Shipping, firm sign technical agreement agreement

    The Nigerian Liquefied Natural Gas (NLNG) Limited has confirmed its sustenance of 40% of Liquefied Petroleum Gas (LPG) also known as domestic gas supply to the country’s market.

    The firm made the confirmation in Abuja as the NLNG Shipping and Marine Services Limited (NSM) signed a technical vessel management agreement of the LPG Alfred Temile 10, with Temile Development Company Limited.

    NLNG External Relations Manager, Mr. Andy Odeh, attributed the feat for moving the gas from its facilities to Temile Development Company Limited.

    He said he was excited over the performance of both the NMSL and Temile Development Company in the operation of the NLNG.

    He noted that the story of domestic gas supply by the NLNG cannot be narrated without attribution to Temile.

    He said: “11 of our vessels are currently managed by NMSL. As a parent company we are proud of what our child is doing. Then of course for Alfred Temile, that is the story around NSML and NLNG apart from being a parent company.

    “But if you look at Alfred Temile and try to write the story of NLNG around what we do: domestic LPG in Nigeria, you can’t but put Alfred Temile in that space.

    “They play a very strategic role in ensuring that LPG leaves our facility to every part of Nigeria. 

    “Today, we are responsible for about 40% LPG that is consumed in Nigeria. Both of you play a very strategic role. So why you are looking at your partnership today, we are looking at our partnership with you to continuously help to build a better Nigeria.”

    Read Also: 163 writers chase $100,000 NLNG Literature Prize

    The LPG Alfred Temile 10 is a 23,000 cubic metres liquefied petroleum gas vessel owned by Temile Development Company Limited, with NSML designated as the technical vessel manager.

    The event marked an important milestone in the Nigerian maritime industry with the collaboration of two Nigerian companies to enhance maritime operations in the oil and gas sector. 

    Also speaking, Temile Development Company Limited, Chief Executive Officer (CEO) Alfred Temile expressed joy over the milestone agreement signed with the NSML.

    Alfred narrated that when the company took delivery of first Alfred Temile, a couple of years ago, “it was not a commercial decision, but a decision of we can do it. And now the company has done it.”

    He revealed there are other Final Investment Decisions the firm is taking in the gas sector.

    He recalled how reluctant he had been about signing the first contract with the NMSL about four years ago until a bank convinced him to take the commercial decision.

    “The bank said you can’t invest $75million without a contract. I am glad today we did it, and we are excited at it all,” he said.

    He assured: “There are many more to come. We are at a final stage of taking FID on another LPG tanker. There a lot of investment decisions we are taking in terms of deepening our participation in the gas sector.”

     Speaking, the NSMS Managing Director, Abdulkadir Ahmed, noted that the partnership between the two firms dated back to 2020.

    He said the occasion  represents commitment to excellence, safety, and innovation in the maritime industry. 

    He vowed that “with cutting edge design and technology the vessel is set to set a new standard for LPG penetration in Nigeria and West Africa.”

    Meanwhile, the Nigerian Content Development and Monitoring Board, Executive Secretary, Engr. Felix Omatshola Ogbe, said Nigeria has the resources to succeed in the industry, stressing that all that is needed is cooperation.

    He also said he looked forward to seeing more partnerships for the execution of more vessels. 

    Temile Development Company Limited, Chief Executive Officer, Alfred Temile said.