From Wikipedia, the free encyclopedia Nigeria LNG
Nigeria LNG
NLNG)
Nigeria LNG Limited (NLNG is a liquefied natural gas US$1.8 billion and was funded by shareholders as well as
(LNG)-producing company and a liquefied natural gas reinvested revenue from the base project. The NLNGPlus
plant on Bonny Island, Nigeria.[1] project (Trains 4 & 5) cost US$2.2 billion and was funded
with a combination of internally generated revenue and
History third party loans amounting to US$1.06 billion. Train 6
(NLNGSix project) cost US$1.748 billion, financing was
Nigeria LNG Limited was incorporated as a limited liabil- handled by shareholders.[9] The total cost of building six
ity company on 17 May 1989, to produce LNG and natural LNG trains was US$9.348 billion.
gas liquids (NGL) for export. The plant was built by TSKJ
consortium, which was led by former Halliburton’s sub-
sidiary KBR. Other participants of the consortium were
Sponsorship
Snamprogetti, Technip and JGC Corporation.[2] The first Nigeria LNG Limited (in partnership with the Nigerian
train came into operation in 1999.[3] Academy of Science and the Nigerian Academy of Let-
ters) sponsors The Nigeria Prize for Science and The
Shareholders Nigeria Prize for Literature.[10]
Nigeria LNG Limited is jointly owned in the following
proportions: Nigerian National Petroleum Corporation
Controversy
(NNPC) owns 49%, Shell Gas B.V. owns 25.6%, Total LNG There are investigations concerning alleged bribes of
Nigeria Ltd owns 15% and Eni International owns 10.4%. $180 million paid by the TSKJ consortium of engineering
companies to Nigerian government officials[11] (not
Operations Nigeria LNG staff) in the period 1994–2004 to obtain con-
tracts worth more than $6 billion to win the contract to
Nigeria LNG Limited operates six liquefaction units (LNG build Nigeria LNG facilities.[2] KBR pleaded guilty, in Fe-
trains) producing 22 million metric tonnes of LNG per bruary 2009, to paying bribes to Nigerian government of-
year (mmtpa).[3][4] This amounts to roughly 10% of the ficials to secure four contracts to build and expand the
world’s LNG consumption.[5] Trains 1, 2 and 3 have pro- Nigeria LNG terminal.[12] In Italy, Milan’s prosecutors of-
duction capacities of 3.2 mmtpa, whilst trains 4, 5 and fice has begun legal proceedings to bar Eni and Saipem,
6 have capacities of 4.1 mmtpa each.[6] The final invest- owners of Snamprogetti, from doing business with NNPC
ment decision on the train 7 has not yet been made.[3] because of these alleged bribes paid by the TSKJ consor-
tium to Nigerian government officials.[2] Snamprogetti
Subsidiaries will pay $240 million in fines to avoid prosecution by the
United States Department of Justice for violation of the
The company has a wholly–owned subsidiary set up in Foreign Corrupt Practices Act. In addition, Eni and Snam-
1989,[1] Bonny Gas Transport (BGT Limited, which pro-
BGT) progetti will pay $125 million to settle a U.S. Securities
vides shipping services for NLNG.[7] BGT was set up in and Exchange Commission case.[13]
Bermuda with an ordinary equity holding from Nigeria
LNG Limited and preferential equity holding from the
sponsors, NLNG’s shareholders. Another wholly owned References
subsidiary of Nigeria LNG Limited is Nigeria LNG Ship [1] ^ Nigeria LNG Limited (2009). "The Company -
Manning Limited (NSML), which was set up in 2008 to Nigeria LNG". http://www.nlng.com/NR/exeres/
give dedicated attention to providing, developing and F48DE9A7-F3F3-4A8E-929A-0C34F1CFF92B%2Cframeless.htm.
managing high calibre personnel for NLNG’s maritime Retrieved 2009-11-02.
business.[8] [2] ^ "Judge delays Eni Nigeria ruling". Upstream Online
(NHST Media Group). 2009-10-21. (subscription
Financing required). http://www.upstreamonline.com/live/
article196431.ece. Retrieved 2009-11-08.
The base project (Trains 1 and 2) which cost US$3.6 billi- [3] ^ Udenna Orji (2009-09-28). "Nigeria Set to Become
on, was financed by NLNG’s shareholders. The third train World’s Second-largest LNG Supplier - Official".
(expansion project), including additional storage, cost Leadership (Downstream Today).
1
From Wikipedia, the free encyclopedia Nigeria LNG
http://downstreamtoday.com/news/ F775-41BA-8E79-3C78407CD29F%2Cframeless.htm.
article.aspx?a_id=18395. Retrieved 2009-11-08. Retrieved 2009-11-02.
[4] "West Africa Nigeria LNG Natural Gas Production". [10] Nigeria LNG Limited (2009). "Nigeria Prize for
Energy Information Administration (Oil and Gas Literature (History and Guidelines)".
Industry Articles). 2006-04-07. http://www.nlng.com/NR/exeres/
http://www.oilgasarticles.com/articles/90/1/ C6D50184-0CED-4070-B3E3-B9F2B72ADDA9%2Cframeless.htm.
West-Africa-Nigeria-LNG-Natural-Gas-Production/ Retrieved 2009-11-23.
Page1.html. Retrieved 2009-11-02. [11] 234 Next Newspaper (2009). "Haliburton and
[5] "NLNG declares force majeure". Upstream Online Nigeria: A chronology of key events".
(NHST Media Group). 2008-11-28. (subscription http://234next.com/csp/cms/sites/Next/News/
required). http://www.upstreamonline.com/live/ 4854591-147/
article167363.ece. Retrieved 2009-11-08. Halliburton_and_Nigeria:_A_Chronology_of.csp.
[6] Ronald Lansdell (2006). "Coping with security Retrieved 2009-11-09.
challenges of natural gas markets". IEA Gas [12] "KBR booked in Nigeria graft case". Upstream Online
Security Workshop. Paris: International Energy (NHST Media Group). 2009-02-09. (subscription
Agency. http://www.iea.org/work/2006/ required). http://www.upstreamonline.com/live/
gas_security/Lansdell.pdf. Retrieved 2009-11-02. article171642.ece. Retrieved 2009-11-08.
[7] Bonny Gas Transport Limited (2009). "BGT [13] "Duo to pay $365m in bribe case". Upstream Online
Milestones". http://www.nlng.com/NLNGnew/ (NHST Media Group). 2010-07-07. (subscription
BGT/milestones.htm. Retrieved 2009-11-02. required). http://www.upstreamonline.com/live/
[8] Global Business Coalition (2010). "Nigeria LNG Ltd article220532.ece. Retrieved 2009-11-08.
Company Profile". http://www.gbcimpact.org/
[9]
nigeria-lng. Retrieved 2010-09-15.
Nigeria LNG Limited (2009). "Facts and Figures -
External links
Nigeria LNG". http://www.nlng.com/NR/exeres/ • Nigeria LNG Official Homepage
2C5AE78E-
Retrieved from "http://en.wikipedia.org/wiki/Nigeria_LNG"
Categories: Oil and gas companies of Nigeria, Liquefied natural gas plants, Royal Dutch Shell buildings and structures
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