NLNG: No Flood Impact on Operations Nationwide

The attention of Nigeria LNG Limited (NLNG) has been brought to media reports, following the issuance of a statement declaring Force Majeure on Monday 17th October 2022, that operations at its facilities have been shut down due to flood. 

NLNG will like to clarify as follows: 

  • The Company’s plant is in operation though at a limited capacity, due to reduced gas supply from some of its upstream gas suppliers. 
  • None of NLNG’s assets on Bonny Island or in any of its host communities are impacted by the flood. The Force Majeure is as a consequence of a similar notice by Upstream Gas Suppliers due to the impact of flood in their production facilities. 
  • NLNG is working with all critical stakeholders on mitigating the impact on product deliveries.  
  • NLNG continues to supply LPG to the domestic market for now from the limited production. 

A statement by Mr. Andy Odeh, the General Manager, External Relations and Sustainable Development at NLNG says the NLNG continues to monitor the situation with Upstream Gas Suppliers and is evaluating the impact of the flood on its business.

 

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

11 Poets Chase $100,000 Prize as The Nigeria Prize for Literature Unveils 2026 Poetry Longlist

Eleven outstanding poetry collections have emerged on the longlist...

CBN Gov, Yemi Cardoso, to Speak at Business Journal Fintech & Financial Inclusion Roundtable 2026

Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN)...

Leadway Assurance Champions Insurance Adoption in Nigeria’s Creative Sector

Leadway Assurance, Nigeria’s leading insurance services provider and a...

Dangote Refinery Completes Landmark $2.5bn Private Equity Placement

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully...

NGX Chair: Africa Has a Unique Opportunity to Participate, Shape Global Financial System

The talking points by Dr. Umaru Kwairanga, Group Chairman,...

Topics

Sovereign Trust Insurance Reaches Final of NCRIB Tennis Tournament

L-R: Adepoju Aderounmu, Manager, Banking Operations, Sovereign Trust Insurance...

ChamsSwitch Partners Wema Bank, Launches UnionPay Cards in Nigeria

ChamsSwitch, a leading financial technology company, is thrilled to...

NDIC Commences Auction of Landed Properties, Chattels of Defunct Heritage Bank

In a bid to ensure timely declaration of liquidation...

Nigeria’s Fola Daniel Named in African Insurance ‘Hall Of Fame’

Nigeria’s Fola Daniel, insurance icon and former Commissioner for...

‘Nigeria Must Work Hard to Harness E-Govt Benefits’—Shittu

The former Minister of Communications, Dr. Abdur-Raheem Adebayo Shittu,...

Linkage Assurance Plc Raises N16.2bn from Rights Issue Towards Recapitalisation

Linkage Assurance Plc announces the successful completion of its...
spot_img

Related Articles

Popular Categories

spot_imgspot_img