Nigeria LNG Limited is jointly owned by Nigerian National Petroleum Corporation (49%), Shell (25.6%), Total LNG Nigeria Ltd (15%) and Eni (10.4%). It was incorporated as a limited liability company on May 17, 1989, to harness Nigeria's vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export.
The company has two wholly-owned subsidiaries, Bonny Gas Transport (BGT) Limited, which provides shipping services for NLNG, and the newly formed NLNG Ship Manning Limited (NSML).
Bonny Gas Transport was set up in 1989, following the incorporation of Nigeria LNG Limited, to take care of the shipping arm of the project. The company was set up in Bermuda with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG's shareholders.
A registered Nigerian company, NLNG Ship Manning Limited recently began operations in 2010. NSML is currently gearing up to take over the handling of ship manning services for NLNG.
Nigeria LNG Limited is a global LNG company renowned for its operational excellence, cost leadership, high HSE standards and honesty and integrity. The company is the arrowhead in the government's plan for greater utilization of the country's gas resources and, consequently, is helping put out the flares, diversify the economy and clean up the environment. Nigeria LNG always aims to provide to its shareholders a good return on their investment and for its staff an exciting and fulfilling place to work and the opportunity to develop their potential. The company executes and operates its business in Nigeria with an international outlook and mindset.
With an enviable social responsibility track record, Nigeria LNG is setting standards in community relations and technology transfer to Nigerians and actively promoting the sustainable development of Nigerian businesses. Indeed, the company serves the interest of the communities in which it operates. Its community development emphasis is on self-reliance and sustainability. Nigeria LNG has so far executed no fewer than 50 community projects on Bonny Island, where the plant is located, and about 200 self-help projects in its pipeline communities. These projects include the provision of health, roads, electricity, water and other social amenities. The company's health infrastructure program includes the following:
In 2006, Nigeria LNG in collaboration with other oil and gas companies on the island, as well as, the Bonny Community set up the Ibani-Se Initiative to respond to the HIV/AIDS situation in the Kingdom and mitigate its impact on the people. Activities carried out respond to the above included (but not limited to), advocacy & community mobilization, sensitization, counseling & testing, formation of support groups, treatment, etc. Since inception, the Initiative has carried out advocacy visits, formed support groups for people living with HIV/AIDS, produced a video documentary, conducted a baseline prevalence survey, reached 500 persons and launched its own website (www.ibanise.org). The Initiative has the full support of the Bonny Kingdom and financial support of the JIC.
The Initiative's target groups are: Female Sex Workers & Clients, Youth, Clergy, Migrant Workers, Transport Workers (Road and Marine), People Living With HIV & AIDS, Health Care Workers.
In recognition of its activities on Bonny Island, the Initiative was endowed as a beneficiary of the World Bank/NACA HIV/AIDS Funds - Round 3.
Land mark achievements recorded by the Initiative since inception are as follows:
NLNG has successively partnered with the Rivers State Government to implement "Roll Back Malaria" programmes, comprising of awareness programmes, donation of over 15,000 Long Lasting Insecticide Nets and enlightenment to families on the correct use of the nets.