User:Thug ayngel/Nigeria LNG

Nigeria LNG (NLNG) is a liquefied natural gas (LNG) producing company operating a liquefied natural gas plant on Bonny Island, Nigeria.

Operations.
Nigeria LNG operates six liquefaction units (trains) producing 22 million metric tonnes per annum (mmtpa) which amounts to roughly ten per cent of the world’s LNG consumption. Trains 1, 2 and 3 have production capacities of 3.2 mmtpa, whilst Trains 4, 5 and 6 have capacities of 4.1 mmtpa each. The base project (Trains 1 and 2) which cost $3.6 billion, was financed by NLNG’s shareholders. The third train (expansion project), including additional storage, cost $1.8 billion and was funded by shareholders as well as reinvested revenue from the base project. The NLNGPlus project (Trains 4 & 5) cost was $2.2 billion and was funded with a combination of internally generated revenue and third party loans amounting to $1.06 billion. Train 6 (NLNGSix project) cost $1.748 billion, financing was handled by shareholders. The total cost of building six LNG trains was US$9.348 billion.

History.
Nigeria LNG Limited (NLNG) 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. It is jointly owned by Nigerian National Petroleum Corporation (49%), Shell Gas B.V. (25.6%), Total LNG Nigeria Ltd (15%) and Eni International (10.4%). The company has a wholly–owned subsidiary set up in 1989, Bonny Gas Transport (BGT) Limited, which provides shipping services for NLNG. BGT was set up in Bermuda with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG’s shareholders.