Tuesday, May 20, 2025
27.8 C
Lagos

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

Hot this week

CBN Reassures Public on Banking Sector Stability

The attention of the Central Bank of Nigeria (CBN)...

Insurance Industry Unveils 3-Month Third Party Media Campaign

The insurance industry in Nigeria has unveiled a 3-month...

Nigeria Outlook: Inflation to Increase in the Near Term

Cordros Securities has predicted increase in the inflation rate...

BudgIT Flags 2025 FG Budget as Opaque on Revenue Stream

BudgIT, a prominent civic-tech organisation promoting transparency and accountability...

Topics

World Bank: Nigeria to Quit Recession, Grow at 1% in 2017

Global economic growth is forecast to accelerate moderately to...

AstraZeneca Unveils Ambitious Plan to Expand in Africa

British pharmaceutical laboratory AstraZeneca Plc just launched an expansion...

Rivers State Govt Heads to Supreme Court over Fight with Pro-Wike Legislators

The Rivers State Government has resolved to appeal a...

RB Durex Partners PPFN on Sexual Health

In line with RB’s continuous commitment to being a...

AfDB Unveils ‘New Deal for Energy in Africa’

The African Development Bank Group (AfDB) unveiled its landmark initiative to solve Africa’s huge energy deficit by 2025 at a High Level Stakeholder Consultative Meeting attended by business and political leaders at its headquarters in Abidjan. The “New Deal for Energy in Africa,” which charts the way for a transformative partnership on energy focuses on mobilising support and funding for the initiative from five key areas.

NDIC Clinches FG Platinum Award for Outstanding Performance in Corporate Governance, Service Delivery

L-R: Managing Director/ CEO, Nigeria Deposit Insurance Corporation (NDIC),...

Simba TVS Storms Enugu Int Trade Fair with Latest Mobility Solutions 

Simba TVS, leading mobility solutions provider, is creating a...
spot_img

Related Articles

Popular Categories

spot_imgspot_img