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NLNG Records $149.6bn Revenue, Begins Plans For Trains 8-10

by Present Nigeria
July 28, 2026
in Business
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NLNG Records $149.6bn Revenue, Begins Plans For Trains 8-10
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…Train 7 At 93% Completion, To Boost NLNG Output By 35%

The Nigeria LNG Limited, NLNG, says it has generated $149.6 billion in revenue since inception and has commenced exploratory activities for additional LNG trains beyond the ongoing Train 7 project.

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Chief Executive Officer of NLNG, Mr Adeleye Falade, disclosed this on Tuesday in Lagos during the unveiling of the company’s Facts and Figures 2026 publication.

Falade said NLNG had paid $47.2 billion in dividends to shareholders and $10.8 billion in taxes to the federal government since becoming tax compliant in 2009.

He said the company currently operates six liquefaction trains, has assets valued at over $22.9 billion, and has safely delivered more than 6,285 LNG cargoes to international markets. NLNG, he added, contributes about six per cent of global LNG supply.

According to him, Train 7 has reached 93 per cent completion and will increase NLNG’s LNG production capacity by 35 per cent from 22 million tonnes per annum to 30 million tonnes. It will also boost Liquefied Petroleum Gas, LPG, production by 50 per cent.

“When completed, Train 7 will increase our LNG production by 35 per cent and boost LPG production by 50 per cent,” he said.

Falade said the company had begun initial discussions and exploratory work on Trains 8, 9, and 10 to drive future growth.

“Today, we’ve started having initial conversations and doing exploratory activities around what it will take to go to Train 8, Train 9 and Train 10,” he said.

He said NLNG supplied a record 500,000 tonnes of LPG, or cooking gas, to the domestic market in 2025, representing about one-third of national demand. The company has supplied 100 per cent of its LPG to the domestic market since 2022 to support cleaner cooking and reduce dependence on biomass.

Falade said NLNG’s gas utilisation model had helped reduce Nigeria’s gas flaring rate from about 65 per cent to less than 20 per cent.

“We are really a gas country with some oil,” he said.

He said Nigeria has about 290 trillion cubic feet of proven gas reserves and urged the country to accelerate development while global demand remains strong.

“There is a window within which we must take advantage of the resources that God has given to us,” he said.

On challenges, Falade identified gas supply constraints as NLNG’s biggest operational hurdle, noting that 2025 was difficult but the situation had improved this year.

He also said NLNG had completed the Bonny-Bodo Road, describing it as one of Nigeria’s largest corporate social responsibility projects and Bonny Island’s first direct road connection to the mainland.

General Manager, External Relations and Sustainable Development, Mrs Sophia Palmer-Ikuku, reaffirmed NLNG’s commitment to transparent engagement with the media and urged journalists to rely on the Facts and Figures publication for verified information.

Falade said NLNG would continue to focus on operational reliability, production growth, and creating greater value for Nigeria through expanded gas utilisation

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