Photo Caption (L-R): Anne-Marie Palmer-Ikuku, Manager, Corporate Communications and Public Affairs; Adeleye Falade; MD/ CEO, NLNG; and Sophia Horsfall, General Manager, External Relations and Sustainable Development, during the media engagement for the presentation of the Company’s 2026 Facts & Figures in Lagos.
- Paid over US$47.2 billion in dividends to shareholders.
- Remitted more than US$10.8 billion in taxes to the Federal Government since becoming tax compliant.
- Built an asset base exceeding US$22.9 billion.
- Exported more than 6,285 LNG cargoes to international markets.
- Continued supplying over 500,000 tonnes of LPG annually to Nigeria’s domestic market.
Nigeria LNG Limited (NLNG) has reaffirmed its long-term commitment to sustainable growth, energy security, and value creation, outlining plans to expand production capacity, strengthen domestic gas supply, and support Nigeria’s industrialisation through its flagship Train 7 project.
Speaking during the company’s annual media engagement, Managing Director and Chief Executive Officer, Engr. Adeleye Falade, said NLNG is making steady progress in improving operational efficiency while advancing strategic investments aimed at consolidating Nigeria’s position in the global liquefied natural gas (LNG) market.
Falade disclosed that the company has significantly improved plant performance and operational utilisation, with efforts continuing to achieve world-class operational efficiency across its facilities.
Train 7 to Increase LNG Capacity by 35%
Falade described the Train 7 project as one of Africa’s largest LNG expansion investments, noting that it will increase NLNG’s production capacity by approximately 35%, from 22 million tonnes per annum (MTPA) to 30 MTPA.
The expansion is also expected to increase Liquefied Petroleum Gas (LPG) production by about 50%, adding an estimated 250,000 tonnes annually to Nigeria’s domestic cooking gas market.
According to him, the project will enhance export earnings, improve domestic gas availability, promote Nigerian content development, and support long-term economic growth.
“Train 7 represents much more than additional production capacity. 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,” Falade said.
He added that the company remains focused on delivering the project safely while positioning NLNG for sustained growth in an increasingly competitive global LNG industry.
NLNG Generates Nearly $150 Billion in Revenue
Highlighting the company’s contribution to Nigeria’s economy since commencing operations, Falade said NLNG has generated more than US$149.6 billion in revenue.
He said the company has also:
- Paid over US$47.2 billion in dividends to shareholders.
- Remitted more than US$10.8 billion in taxes to the Federal Government since becoming tax compliant.
- Built an asset base exceeding US$22.9 billion.
- Exported more than 6,285 LNG cargoes to international markets.
- Continued supplying over 500,000 tonnes of LPG annually to Nigeria’s domestic market.
According to him, these milestones demonstrate NLNG’s enduring contribution to government revenue, energy security, foreign exchange earnings, and Nigeria’s global competitiveness.
Supporting Nigeria’s Decade of Gas Initiative
Falade reaffirmed NLNG’s support for the Federal Government’s Decade of Gas initiative, stressing that natural gas remains central to Nigeria’s industrialisation, economic diversification, energy security, and transition toward a lower-carbon economy.
He said commercialising Nigeria’s vast gas reserves would be critical to unlocking sustainable economic development.
“Nigeria possesses one of the world’s largest gas reserves. 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,” he said.
Sustainability and Environmental Commitments
On sustainability, the NLNG chief executive said the company continues to invest in emissions monitoring and reduction programmes as part of its decarbonisation strategy.
He also highlighted conservation initiatives, including the protection of the Finima Nature Park, alongside collaboration with regulators on carbon capture and storage projects designed to reduce greenhouse gas emissions.
Bonny–Bodo Road Unlocking Economic Opportunities
Falade described the Bonny–Bodo Road Project as one of the largest corporate-funded infrastructure investments in Nigeria.
He said the road has provided the first permanent road connection between Bonny Island and mainland Rivers State, opening up new economic opportunities for host communities while improving access and connectivity.
Feed Gas Supply Remains Key Industry Challenge
Addressing challenges facing Nigeria’s gas industry, Falade acknowledged that feed gas availability remains a major concern for LNG producers.
However, he expressed confidence that ongoing collaboration between government, regulators, and upstream producers—supported by recent policy reforms—would strengthen long-term gas supply and sustain industry growth.
He added that despite increasing competition from emerging LNG-producing countries, NLNG remains well positioned through operational excellence, reliable project execution, and continued investment in its workforce and infrastructure.
NLNG Pledges Greater Transparency
Earlier, General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the company’s annual Facts & Figures presentation reflects NLNG’s commitment to transparency and constructive engagement with the media.
She noted that providing timely access to reliable information helps improve public understanding of the strategic role natural gas plays in Nigeria’s economy and global energy transition.
“Today’s engagement is not simply about sharing statistics. 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,” Horsfall said.
The media engagement also featured discussions on global LNG market trends, domestic gas utilisation, energy transition, sustainability, Nigerian content development, and the future outlook for Nigeria’s gas industry, reinforcing NLNG’s commitment to openness and stakeholder engagement.