The company in a statement issued by its board chairman, Mr Basil Omiyi, stated that the company was on March 9, 2023, served with court processes and ex-parte Interim Order of the Hon Justice C. J. Aneke of the Federal High Court, Lagos, Nigeria, restraining the Chief Executive Officer, Mr. Roger Brown from participating in the running of the Company for a period of 7 days.
The energy Company’s also grew its revenue by 29.8 per cent to N403.9bn from N293.6bn year-on-year; as its gross profit soars to N197.2billion from N114.2billion year-on-year, rising by 63 per cent.
The panel session which dwelt on the topic ‘Optimizing energy security in a global transition era’ provided a platform for the panellists to x-ray the current global trajectory of energy transition, and how energy security could be guaranteed in the face of transition, relating the subject to Nigeria’s domestic market situation.
The energy company’s also grew its revenue by 34.4 per cent to N258.7bn from N182.7bn year-on-year; as its gross profit soars to N118.5bn from N58.1bn year-on-year, rising by 93.5 per cent.
According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.
The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as Natural Gas Pipelines Tariff Regulations, 2023.
NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.
