Company reveals plans for Train 7, future LNG projects as it strengthens role in global energy market and domestic gas supply….
Nigeria LNG Limited (NLNG) has generated more than $150 billion in revenue and exported over 6,000 liquefied natural gas (LNG) cargoes worldwide since beginning operations, underscoring its growing contribution to Nigeria’s economy and the global energy market.
The company also disclosed that it has paid $47.2 billion in dividends to shareholders, remitted more than $10 billion in taxes to the Federal Government, and built an asset portfolio valued at approximately $23 billion.
The figures were revealed by the Managing Director and Chief Executive Officer of NLNG, Adeleye Falade, during his first media engagement since taking over leadership of the company on April 1, 2026.
The Lagos briefing highlighted NLNG’s performance over the past 37 years, as well as its expansion plans, including the completion of Train 7 and early discussions around potential future projects involving Trains 8, 9 and 10.
Falade said NLNG has grown into one of the world’s leading LNG exporters, safely delivering more than 6,000 cargoes to customers across Europe, Asia, the Middle East and other international markets.
Clarifying the company’s operations, he explained that NLNG does not produce natural gas itself but purchases gas from upstream producers, processes it by removing impurities, converts it into liquid form, transports it through specialized vessels and supplies it to global buyers.
“We don’t produce the gas. We buy gas, just like power companies buy gas. We process it, liquefy it, transport it and sell it across the world,” he said.
Falade disclosed that NLNG currently operates six liquefaction trains with a combined production capacity of 22 million tonnes per annum, describing the Bonny Island facility as the largest industrial complex in Sub-Saharan Africa.
The company operates a fleet of 22 dedicated vessels, including 20 LNG carriers, one liquefied petroleum gas (LPG) vessel serving Nigeria’s domestic market, and another vessel supporting its operations.
Highlighting NLNG’s financial contributions, Falade said the company had generated about $150 billion in cumulative revenue since commercial operations began.
He added that shareholders had received almost $50 billion in dividends, with actual payments totaling $47.2 billion.
The Federal Government remains the company’s largest shareholder with a 49% stake, while Shell, TotalEnergies and Eni hold the remaining interests.
According to Falade, NLNG became one of Nigeria’s biggest taxpayers after its pioneer tax status expired, paying more than $10 billion in taxes to the government.
He noted that the company’s contributions extend beyond corporate taxes, explaining that a significant portion of payments made for gas purchases eventually returns to the government through its ownership interests in upstream companies.
NLNG also pays petroleum-related taxes, value-added tax and other statutory charges. Falade added that the company has been recognized as Nigeria’s most tax-compliant corporate organisation for five consecutive years.
On domestic energy supply, the NLNG chief revealed that the company supplied a record 500,000 tonnes of liquefied petroleum gas (LPG), commonly known as cooking gas, to the Nigerian market last year.
He said the figure represents the highest annual domestic LPG supply since NLNG began local distribution in 2005, when volumes stood at about 70,000 tonnes.
Today, the company supplies approximately one-third of Nigeria’s cooking gas demand, after increasing domestic LPG availability more than sevenfold.
“Last year was the highest volume we’ve ever supplied in a single year when we supplied 500,000 tonnes of LPG. Today, that’s about 33 per cent of what the country demands,” Falade said.
He explained that since 2022, NLNG has committed all of its LPG production to the Nigerian market, ending exports in order to improve access to cleaner cooking fuel.
According to him, the decision was influenced by concerns over the health impact of traditional cooking methods that rely on firewood and other biomass fuels.
He said expanding LPG access would help reduce deforestation, indoor air pollution and carbon emissions while supporting Nigeria’s energy transition goals.
Falade also highlighted NLNG’s role in reducing gas flaring in Nigeria.
He said that when the company was established, Nigeria flared about 65% of gas produced alongside crude oil, but that figure has now fallen below 20%, partly due to NLNG creating a commercial market for associated gas.
“Half of the gas that we get into our plant is associated gas. This is gas that people used to flare. Because we created a viable business case for that gas, we’ve helped reduce gas flaring significantly,” he said.
The NLNG boss argued that Nigeria’s biggest natural resource is gas, noting that the country has about 209 trillion cubic feet of proven gas reserves and an estimated additional 600 trillion cubic feet yet to be fully proven.
He said Nigeria has not fully leveraged its gas potential compared with other LNG-producing nations.
Using Australia and Malaysia as examples, Falade noted that countries with smaller gas reserves have developed significantly larger LNG export capacities than Nigeria.
“We are a gas country with some oil, but we’re just scratching the surface of our potential,” he said.
Falade identified the ongoing Train 7 project as NLNG’s immediate expansion priority.
He said the project would increase the company’s production capacity by 35%, raising output from 22 million tonnes per annum to 30 million tonnes annually when completed.
Train 7 is also expected to increase LPG production by 50%, adding about 250,000 tonnes of cooking gas to the domestic market each year.
The project currently supports about 16,000 workers daily, according to the NLNG chief executive.
Beyond Train 7, Falade disclosed that the company has started preliminary discussions on possible future developments involving Trains 8, 9 and 10 as it seeks to maintain Nigeria’s competitiveness in the global LNG industry.
Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the media engagement was aimed at providing journalists with accurate information and deeper context on the company’s operations.
She said understanding NLNG’s economic contributions and the strategic importance of natural gas remains critical as Nigeria works toward achieving sustainable energy development.
