Due to theft of crude oil and pipeline vandalism, among other issues, the Nigeria LNG Ltd. plant is only operating at 68% of its potential.
According to statistics from the company, the plant in Bonny Island, Rivers State, is only operating at 68% of its potential because of theft of crude oil and pipeline vandalism, among other issues.
The NLNG Chief Executive Philip Mshelbila claimed that theft and vandalism were slowly choking off Nigeria’s oil and gas industry. “Over the past month, we have been producing at a utilisation rate of roughly 60 to 68 percent.
This is another opportunity to own a faster-loading website to expand your business and take it digitally online. Meet the best website designer/master coder for any kind of website. Contact them now it is affordable Chat now: 09077260922
In other words, about 35% of our capacity is unoccupied, Mshelbila said at the Nigeria Oil and Gas Conference (NOG), which is currently taking place in Abuja.
“There are many contributing factors, but crude oil theft is by far the most important. We won’t be able to escape the mess we’re in if we don’t address this. Mshelbila claimed that in order to meet domestic demand, his company had ceased exporting liquefied petroleum gas.
Nigeria LNG is a partnership between the government-run Nigerian National Petroleum Corporation, Eni, TotalEnergies, and Shell with an annual capacity of 22 million tonnes.
According to Oriental News Nigeria, NLNG has lofty goals for its most recent project. “The long-awaited expansion will boost NLNG’s competitiveness in the global market and increase production capacity by 35%, from 22 million tonnes per year to 30 million tonnes per year.”