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

Stanbic IBTC Bank Nigeria PMI: Marked Growth of New Orders Seen Again in July

Growth was maintained in the Nigerian private sector during...

NAICOM: 43 Insurance/Re Firms Scale Recapitalisation Hurdle, 8 Awaiting Final Verification

The National Insurance Commission, today announced the successful completion...

NLNG Unveils 11 Nominees for The Nigeria Prize for Creative Arts

The first-ever nominees for The Nigeria Prize for Creative...

CBN Lists Five Strategies to Drive Next Stage of Fintech Growth in Nigeria

L-R:  Mr. Emmanuel Ovaga, MD/CEO, PufferPay Ltd; Sola Longe-Okenimkpe,...

NGX Chair: Exchange Adopting Fintech, Digital Solutions to Expand Market

L-R:  Mr. Emmanuel Ovaga, MD/CEO, PufferPay Ltd; Sola Longe-Okenimkpe,...

Topics

Vbank: Nigeria’s Digital Banking App of 2020 Still Going Strong

When VFD Microfinance Bank entered Nigeria's budding virtual banking...

NLNG Wins Operational Excellence Award at NOG Energy Week 2026

NLNG Managing Director, Adeleye Falade (centre), flanked by Deputy...

Interswitch Unveils Financial Inclusion Initiative

Interswitch, Africa’s leading Digital Payments and Commerce Company has...

Final Farewell: ACAMB Announces Burial Arrangements for Abdul Imoyo

With the permission of Imoyo Family, The Association of...

Ecobank Group, TransferTo to Expand Financial Access, Payments in Africa

  TransferTo, a Singapore-based global technology group, and Ecobank Group, the leading...

Polaris Bank, Evolve Charity Trust Empower 1,000 Students with School Essentials

Polaris Bank, in partnership with Evolve Charity Trust, has...

Ecobank Nigeria Plans Design & Build Expo, 60 Exhibitors Nov 27

Ecobank Nigeria is set to host its inaugural Design...

Mutual Benefits Delights Customers with ₦5.5bn April Claims Payout

Mutual Benefits Assurance Plc has announced the payment of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img