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    Mail & Guardian Africa: Nigeria's Liquefied Natural Gas Exports Reach $85bn in 15 Years, CEO Says It's a 'Success Story'

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Summary

Nigeria's NLNG has seen exports of $85 billion since it opened 15 years ago, chief executive Babs Omotowa has said in Lagos

by: Erica Mills

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Press Notes, Africa

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Mail & Guardian Africa: Nigeria's Liquefied Natural Gas Exports Reach $85bn in 15 Years, CEO Says It's a 'Success Story'

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago, the company announced late Friday.

“For us, it has been a success story. Between 1999 when we came on stream and now, we have realised some 85 billion dollars from exports of liquefied natural gas to buyers in Europe, America and Asia,” chief executive Babs Omotowa told reporters in Lagos.

He said the company, which was set up to harness Nigeria’s vast natural gas resources and produce liquefied natural gas for export, has also paid billions of dollars to the state in tax.

Read the full article HERE.

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