By Sandra Chukwunyere Nigeria LNG Limited (NLNG) has announced that it has generated more than $149.6 billion in revenue since it commenced operations, while paying over $47.2 billion in dividends to its shareholders and remitting more than $10.8 billion in taxes to the Federal Government.
The company disclosed the figures during a media engagement in Lagos where it presented its 2026 Facts and Figures report, highlighting its operational performance, expansion plans and long-term commitment to Nigeria’s economic development.
Speaking at the event, the Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade, said the company has built an asset base worth more than $22.9 billion and successfully loaded over 6,285 liquefied natural gas (LNG) cargoes since the start of operations.
He added that NLNG continues to play a major role in supporting domestic energy needs by supplying more than 500,000 tonnes of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to the Nigerian market every year.
Falade noted that the company has made significant progress in improving operational performance, with plant utilisation recovering steadily through sustained efforts aimed at achieving world-class operational efficiency.
According to him, NLNG’s growth strategy remains focused on the successful delivery of the Train 7 project, one of the largest LNG expansion projects on the African continent.
When completed, the project is expected to increase the company’s production capacity by about 35 per cent, from 22 million tonnes per annum to 30 million tonnes per annum. It will also increase LPG production by approximately 50 per cent, adding an estimated 250,000 tonnes annually to the domestic market.
“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 stressed that the project would create jobs, strengthen Nigeria’s competitiveness in the global energy market and unlock greater value from the country’s abundant gas resources.
Falade also reaffirmed NLNG’s support for the Federal Government’s Decade of Gas initiative, describing natural gas as a key driver of industrialisation, economic diversification, energy security and Nigeria’s transition to a lower-carbon economy.
On environmental sustainability, he said the company remains committed to responsible operations through investments in emissions monitoring and reduction programmes, conservation projects and collaboration with regulators on carbon capture and storage initiatives.
He highlighted the Bonny-Bodo Road Project as one of the most significant infrastructure investments undertaken by a corporate organisation in Nigeria, noting that it has provided the first road link between Bonny Island and mainland Rivers State while opening up new economic opportunities for nearby communities.
Addressing concerns over feed gas availability, Falade acknowledged that gas supply remains a challenge across the industry. However, he expressed confidence that ongoing reforms and collaboration among government agencies, regulators and upstream operators would strengthen long-term gas availability.
He further stated that despite growing competition from emerging LNG-producing nations, NLNG remains well positioned through operational excellence, reliable service delivery, disciplined project execution and continuous investment in its workforce and infrastructure.
Falade urged stakeholders to focus on converting Nigeria’s vast gas reserves into sustainable economic value, stressing that the country’s future competitiveness would depend on how effectively it commercialises its gas resources.
“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.
Earlier, the General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the annual Facts and Figures presentation demonstrates NLNG’s commitment to transparency, accountability and constructive engagement with the media.
According to her, providing journalists with credible information and business insights promotes informed reporting and enhances public understanding of the strategic role natural gas plays in Nigeria’s economy and energy future.
“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 stated.
She added that the company would continue to deepen its relationship with the media through timely information sharing, improved access to experts and opportunities for journalists to gain first-hand knowledge of NLNG’s operations.
The interactive session featured discussions on global LNG market trends, domestic gas utilisation, sustainability, energy transition, Nigerian Content development, the Train 7 project and the future of Nigeria’s gas industry, underscoring NLNG’s commitment to transparency and stakeholder engagement.
