THE COMPANY
Nigeria LNG Limited (NLNG) is owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%); Shell (25.6%); Total LNG Nigeria Ltd (15%) and Eni (10.4%).
It was incorporated as a limited liability company on May 17, 1989 to harness Nigeria’s vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export.
The company has wholly–owned subsidiaries: Bonny Gas Transport (BGT) Limited and NLNG Ship Management Limited (NSML).
Bonny Gas Transport Limited
Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG project.
The company was set up with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG’s shareholders.
NLNG Ship Management Limited
NLNG Ship Management Limited (NSML) is another wholly-owned subsidiary of NLNG.
The company was set up in 2008 to realise NLNG’s vision of resourcing, developing and managing shipboard personnel for BGT vessels.
