NLNG Boss Refutes Hike In Gas Price

Attah stated this while speaking at the 2017 presentation of Facts and Figures on NLNG on Wednesday in Lagos.

According to Attah, the price hike is attributed to infrastructural challenges for discharging the cooking gas nationwide.

He said the only jetty available for discharging the product was in Lagos, adding that the additional costs of sending the product to different parts of the country also contributed to the hike.

Attah also mentioned the company’s plan to rehabilitate the Calabar Jetty, in order to create another discharge point, apart from Lagos.

Meanwhile, he noted that the company had worked with various International Oil Companies (IOCs) to reduce gas flaring from 65 per cent to less than 20 per cent by monetising the benefits, which had the company ship 3,600 cargoes of Liquefied Natural Gas (LNG) to different parts of the world since its inception in 1995 to Dec. 2016.

“We receive gas from the offshore, clean it, store it and deliver to customers worldwide in liquid form.

“From inception till date, the company has reaped over 90billion dollars in revenue, 5.5 billion dollars in taxes and 13billion dollars in dividends for the Federal Government,’’ he said.

“We are working towards making Bonny Island a mini Dubai by the year 2040 by contributing N3 billion annually for this project,’’ he added.

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