NLNG Generates $149.6bn, Moves to Expand LNG Capacity
Nigeria LNG Limited (NLNG) says it has generated 149.6 billion dollars in revenue since inception and has begun exploratory activities for additional LNG trains beyond the ongoing Train 7 project.
The Chief Executive Officer of NLNG, Mr Adeleye Falade, disclosed this on Tuesday in Lagos during the unveiling of the company’s Facts and Figures 2026 publication.
Falade said NLNG had paid 47.2 billion dollars in dividends to its shareholders and 10.8 billion dollars in taxes to the federal government since becoming tax compliant in 2009.
He said the company currently operates six liquefaction trains, has assets valued at more than 22.9 billion dollars, and safely delivered over 6,285 LNG cargoes to international markets.
According to him, NLNG contributes about six per cent of global LNG supply, strengthening Nigeria’s position in the international gas market.
Falade said the Train 7 project had reached 93 per cent completion and would increase the company’s LNG production capacity by 35 per cent from 22 million tonnes per annum to 30 million tonnes.
He said the project would also increase NLNG’s liquefied petroleum gas (LPG) production by 50 per cent.
“When completed, Train 7 will increase our LNG production by 35 per cent and boost LPG production by 50 per cent,” he said.
Falade said NLNG had also begun exploratory activities and initial discussions on developing Trains 8, 9, and 10 to drive future growth.
“Today, we’ve started having initial conversations and doing exploratory activities around what it will take to go to Train 8, Train 9 and Train 10,” he said.
He said the company supplied a record 500,000 tonnes of LPG, also known as cooking gas, to the domestic market in 2025, representing about one-third of national demand.
Falade said NLNG had supplied all its LPG to the domestic market since 2022 to improve access to cleaner cooking fuel and reduce dependence on biomass.
He said the additional LPG from Train 7 would further support Nigeria’s energy transition and cleaner cooking initiatives.
Falade said NLNG’s gas utilisation model had helped reduce Nigeria’s gas flaring rate from about 65 per cent to less than 20 per cent. “We are really a gas country with some oil,” he said.
Falade said Nigeria had about 290 trillion cubic feet of proven gas reserves, with substantial additional reserves yet to be fully proven.
He urged the country to accelerate gas development while global demand remained favourable.
“There is a window within which we must take advantage of the resources that God has given to us,” he said.
Falade said gas would remain a major component of the global energy mix for decades, but Nigeria must act quickly to maximise its economic value.
He identified gas supply constraints as NLNG’s biggest operational challenge, saying the situation had improved this year after a difficult 2025.
“Last year was extremely difficult for us because of gas supply constraints. However, the situation has improved this year, and we are optimistic about the future,” he said.
Falade said NLNG had completed the Bonny-Bodo Road, describing it as one of Nigeria’s largest corporate social responsibility projects.
He said the road provided Bonny Island with its first direct road connection to the mainland, improving transportation and economic activities in Rivers State.
Palmer-Ikuku reaffirmed commitment of NLNG to transparent engagement with the media and encouraged newsmen to rely on the company’s Facts and Figures publication for verified information.
“We remain fully committed to meeting your information needs. The Facts and Figures should be your go-to point. Should you require any clarification or additional information, please do not hesitate to reach out to us,” she said.
She thanked newsmen for their professionalism and commitment to factual reporting, describing the company’s relationship with the media as longstanding and mutually rewarding.
Falade said NLNG would continue to focus on operational reliability, production growth, and creating greater value for Nigeria through expanded gas utilisation. #NLNG Generates $149.6bn, Moves to Expand LNG Capacity# NLNG Urges Commercialisation of Stranded Gas, PIA Incentives
