Connect with us

Gas

Nigeria LNG’s train 7 to yields $2.5b in revenues

Published

on

…3,000th Cargo to arrive Turkey Jan 19

By Joseph BAMIDELE

LAGOS – Nigeria Liquefied Natural Gas, NLNG, train seven (7) when completed is expected to generate an estimated $2.5 billion revenue and potentially capable of mopping up and exporting some more of the currently flared gas.

In addition to the sixth train, the seventh train will enable NLNG add some eight million metric tonnes to its current production capacity, and increase annual output to 30 million metric tonnes.

Meanwhile, Nigeria LNG said it has successfully recorded the loading of its 3,000th cargo for export, a commendable milestone that is worthy of celebration.

Chief Executive/Managing Director of Nigeria LNG Limited, Babs Omotowa said
added to this feat is the fact that this historic 3000th LNG cargo will be delivered, come January 19 2014, to BOTAS in Turkey by one of our company’s vessels, the LNG Lokoja.

Nigeria LNG’s train 7 to yields $2.5b in revenuesHe explained that the vessel is manned by a workforce which is about 95 per cent Nigerian, in line with the company’s aggressive pursuit of technology transfer and Local Content policy.

He stressed that Nigeria LNG (NLNG) has helped the national effort to diversify the country’s revenue base and aided the monetization of its abundant natural gas resources, hitherto flared as associated gas during crude oil exploitation.

Incorporated in 1989, Omotowa said has NLNG evolved as a consortium with NNPC, Shell, Elf, and Agip as shareholders.

According to him “with a net worth of more than $24 billion dollars, Nigeria LNG Limited remains the single biggest private sector investment in Sub-Saharan Africa.

“We are proud to note that the investment, since the commencement of full operations in 1999, generated over $53 billion dollars to its shareholders within the first ten years. The Federal Government also earned more than nine billion dollars as dividends, during the period.

“Before the commencement of operations, 75% of the 2.6 billion cubic feet of associated gas produced by oil companies operating in Nigeria was flared.

“This trend has changed. Nigeria LNG Limited currently converts over four trillion cubic feet of associated gas to liquefied natural gas (LNG) and natural gas liquids (NGLs) for both export and domestic uses.

“In doing this, the company has positively impacted on the country’s gas flaring status, thereby helping to improve the environment whilst converting a previously wasted resource into wealth for the nation.

“Nigeria LNG has today successfully recorded the loading of its 3,000th cargo for export, a commendable milestone that is worthy of celebration.

“Added to this feat is the fact that this historic 3000th LNG cargo will be delivered, come January 19 2014, to BOTAS in Turkey by one of our company’s vessels, the LNG Lokoja.

“We believe it must not go un-noticed that this vessel is manned by a workforce which is about 95% Nigerian, in line with our aggressive pursuit of technology transfer and our Nigerianization policy.

“Part of the next phase of our company’s growth programme is the addition of a seventh train to the existing six train NLNG infrastructure. When achieved, this will enable NLNG add some eight million metric tonnes to its current production capacity, and increase annual output to 30 million metric tonnes.

“This is potentially capable of mopping up and exporting some more of the currently flared gas, and yielding an estimated $2.5 billion in revenues.

“On balance, it is clear to us at NLNG that Train 7 is an enterprise which all shareholders and stakeholders should support and pursue with vigour, for the simple reason that its outcome will be good for Nigeria and good for our business,” he said.

Click to comment
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Gas

NLNG Change YourStory: Backs Digital Storytelling’s New Era

Published

on

No fewer than 40 journalists from print, broadcast, and digital media in Lagos participated in this year’s NLNG Change Your Story training workshop held in Lagos between March 11 and 13.

The workshop, themed “Re-calibrate, Create, Connect,” focused on artificial intelligence in journalism, data visualisation, digital tools for real-time reporting, and ways to combat misinformation.

During the 3-day capacity workshop, participants examined the changing landscape of journalism shaped by AI and digital communication. They also explored how new media technologies can support real-time reporting, extend audience reach across borders, and strengthen engagement on digital platforms.

ALSO READ: NGX Group, IFC, CSCS and WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Dr. Sophia Horsfall, General Manager, External Relations and Sustainable Development at Nigeria LNG Limited, charged the participants to apply the knowledge gained from the NLNG Change Your Story Capacity Workshop to improve the quality and credibility of their reporting. Horsfall, who spoke on the last day of it, described the workshop as part of NLNG’s broader effort to strengthen engagement with the media and support professional excellence in journalism. She encouraged participants to use the insights gained to improve the depth and credibility of their work.

“NLNG views this engagement as a strategic partnership. We provide the energy that powers nations and generates revenue for our nation; you provide the information that powers our minds. We have been proud to host you, but our pride will only be justified when we see the ‘New Standard’ in your next feature, your next broadcast, and your next investigative report. As you head back to your various stations, I urge you to take the spirit of this workshop with you,” she said.

The intensive programme combined expert-led discussions with practical sessions. Digital Communication specialist Mr. Dan Mason led sessions on digital storytelling, while media trainer Taiwo Obe facilitated a Journalism Clinic focused on newsroom practice and storytelling skills.

Mason described the NLNG programme as a relevant ingredient to grow the foundation for new digital skills among practitioners, noting that the Nigerian media industry is a vibrant sector with many energetic young people. “For me, it’s a really good place to work. I feel strongly that at each training session, people listened. ..It’s really about people going away with a little bit more confidence to say, I’m going to do this. I can do this. And in a way, that’s all you need.

“But, what you have here is the essential ingredient in developing journalism, which is the ability to make mistakes and then learn from them,” he said. He observed that Nigeria has an incredibly high rate of young people with an interest in news. According to him, research around the world shows that Nigeria stands out at the top, having young people who are interested in news.

“They care. In your use of mobile platforms, you are way ahead. People trust journalism and journalists. And while there may be issues with people or younger generations not wanting to look at the news, you’ve got such a great and strong foundation to build upon. So, I see hope and opportunity in Nigeria, though I also see the problems, because I’m a journalist. And I see fantastic opportunities here,” he added.

The Change Your Story initiative, launched by NLNG in partnership with The Journalism Clinic, is designed to strengthen professional capacity in the media industry. Since its launch in 2014, the programme has trained about 400 journalists from print, broadcast, and digital media across Nigeria.

The workshop, which began on Wednesday, concluded on Friday. At the end of the training, all participants were presented with certificates acknowledging their completion of the programme.

Nigeria LNG Limited (NLNG) has reinforced its commitment to strengthening journalism in Nigeria following the successful completion of the second edition of its #NLNGChangeYourStory workshop for 2026, held in Lagos.

Continue Reading

Business

Sahara Group expands fleet with new 40,000 cbm LPG Carrier

Published

on

By

Modupe Asudo

Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.

The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.

Ghanaian President Mahama and Sahara Executive Directors

Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.

He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.

President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.

According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.

“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.

With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.

Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.

He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”

Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.

The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.

Continue Reading

Business

NCDMB reinforces commitment to inclusive energy growth

Published

on

By

Modupe ASUDO

The Nigerian Content Development and Monitoring Board has reiterated its commitment to advancing gender inclusion and sustainable capacity development in Nigeria’s oil and gas industry, spotlighting a $20m Women in Oil and Gas Intervention Fund.

The Board made this known at the 3rd edition of the Diversity Sector Working Group’s Women in Oil and Gas Conference and Mentorship Programme, held on March 3, 2026, at Eko Hotels and Suites, Lagos.

The conference, organised in collaboration with the Nigerian Content Consultative Forum, was themed ‘Breaking Barriers, Shaping the Future’, with a strong focus on building bridges and empowering women for a sustainable energy future.

Delivering his goodwill message, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, described women’s empowerment as a strategic lever for strengthening Nigeria’s energy ecosystem, particularly at a time the global industry was undergoing profound structural change.

He explained that the sector’s navigation of energy transition, rapid technological innovation and rising sustainability expectations increasingly requires broader perspectives, adaptive leadership and inclusive participation to remain competitive and resilient.

Represented by the General Manager Midstream PCAD, Ms. Lekoma Phimia, the Executive Secretary framed inclusion not as social advocacy but as sound economics, stressing that diversity consistently delivers measurable performance outcomes across industries.

“Inclusive organisations are more innovative, more resilient and more profitable. When women thrive, industries thrive. When women lead, economies grow. When women are empowered, communities prosper,” he stated.

To illustrate this point, the Executive Secretary referenced the leadership impact of Ms. Oritsemeyiwa Eyesan, Executive Chairman of the Nigerian Upstream Petroleum Regulatory Commission, describing her tenure as clear evidence of women’s capacity to drive sector-wide transformation at the highest levels.

According to him, such leadership exemplifies how competence and inclusion are helping to steer the industry through a period of accelerated change.

While acknowledging the progress recorded, Ogbe observed that systemic barriers had continued to limit the full participation of women across segments of the oil and gas value chain, stressing that addressing the constraints requires deliberate, structured and sustained interventions.

At the centre of NCDMB’s empowerment showcase, the Executive Secretary highlighted the Women in Oil and Gas Intervention Fund, a landmark $20m initiative established in partnership with the Nigerian Export-Import Bank to provide affordable financing exclusively to women-owned businesses operating within Nigeria’s oil and gas sector.

He explained that the fund offers single-digit interest rate loans with repayment tenors of up to three years, targeted at eligible companies with approved industry contracts. According to him, the initiative is designed to accelerate local capacity and enable women entrepreneurs to transition from peripheral participation to ownership and leadership across the oil and gas value chain.

Ogbe further disclosed that a complementary intervention, implemented in partnership with the Bank of Industry, extends structured business training and additional access to capital to women-owned enterprises. He noted that many beneficiaries have expanded from small service providers into competitive vendors now supporting major oil and gas operators nationwide, particularly in logistics and marine services, safety equipment supply and environmental management — segments where female entrepreneurs have historically faced limited access to financing.

Beyond financing, the Executive Secretary highlighted NCDMB-supported skills development programmes executed in collaboration with institutions such as the Petroleum Training Institute and accredited industrial training centres in Rivers and Bayelsa states. He cited the training of women in welding and fabrication, noting that many graduates are employed in fabrication yards and contribute directly to major oil and gas projects.

“These women are earning dignified livelihoods, breaking stereotypes and inspiring a new generation,” Ogbe said, emphasising that collaboration remains critical to scaling impact, citing partnerships with financial institutions, development partners, training institutions and industry stakeholders.

He commended the NCCF Diversity Sector Working Group for sustaining advocacy and dialogue on inclusion. “We must move beyond inclusion towards leadership — more women in technical leadership roles, executive positions and industry boards,” he added.

In her remarks, the Chairman of NCCF Diversity Sector Working Group, Dr Alero Onosode, described the conference as a celebration of progress, leadership and possibility, noting that NCDMB’s sponsorship reflects its strong institutional commitment to inclusion and shared prosperity. She observed that convening the conference in March — International Women’s Day month — was symbolic, coming at a time of renewed activity and reform across Nigeria’s oil and gas industry.

“Alongside this momentum, we are seeing the rise of women into visible and influential leadership roles — regulators, CEOs, directors, engineers and policymakers shaping strategy and transforming spaces that were once dominated by a single voice,” Onosode said.

She explained that the conference theme challenged stakeholders to move from representation to impact, urging deliberate collaboration across sectors, generations and perspectives.

“Building bridges means women and men working together, turning diversity into strength and collaboration into results,” she stated, calling on industry leaders to prioritise mentorship, sponsorship and intentional partnerships.

The conference concluded with a renewed call for inclusive capacity development, with NCDMB reaffirming its commitment to empowering women, strengthening Nigerian content and ensuring that Nigeria’s energy future is sustainable, inclusive and economically transformative.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x