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Home OIL & GAS Deliveries of LNG complies with all regulatory requirements – NLNG

Deliveries of LNG complies with all regulatory requirements – NLNG

Nigeria LNG Limited (NLNG) has said that deliveries of LNG from its Bonny Terminal comply with all regulatory requirements for the export of its products.

NLNG, reacting to an online publication (not ENERGY TIMES) published on Wednesday, said exports of its products are made under various LNG sales contracts to destinations not limited to Europe, but also to the Far East, Greater Middle East, North America and South America, thus ensuring NLNG’s position as a significant competitive global LNG supplier, promoting the Nigerian Brand.

The company in a statement signed by its General Manager, External Relations and Sustainable Development, Andy Odeh, noted that NLNG as a responsible corporate citizen, operating its business according to strong business principles and ethics in accordance with requirements of relevant Nigerian and global laws and regulations.

Reacting to the allegation captioned: “How govt officials facilitated $1.2bn crude oil, gas theft – Source.”, Odey described the report as false, malicious, saying that  from the commencement of its operations in October 1999, NLNG has never, and does not, engage in “illegal” exportation of LNG or any of its products, nor is NLNG involved in any international cartel, as alleged.

“It is simply not true that “… the illegal exportation is still ongoing with the backing of some top officials of government”. The LNG trade undertaken by the Company is bound by strict protocols and controls, hence not amenable to the kind of illegitimate schemes alleged in the report.
“Contrary to the allegation of export of LNG without paperwork, records exist for every single cargo of product loaded by the Company since it commenced operations, together with fully accurate accounts of destinations, quantities loaded and unloaded and related earnings on each cargo, and these are demonstrable. For each of the past financial years which are periodically audited, including the periods alluded to in the report, the Shareholders of NLNG, which includes NNPC and three IOCs, never reported that any cargo or product of the Company was lost or unaccounted for. Indeed, the possibility of such happening is beyond comprehension”, he stated.

“For the avoidance of doubt, NLNG restates that the report paints a very incorrect picture of the Company’s business and its LNG trade and is at complete variance with the Company’s Vision as a globally competitive LNG Company helping to build a better Nigeria” 

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