The company 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%).
As the arrowhead of Nigeria’s efforts to eliminate gas flaring, NLNG’s operations have helped reduced Nigeria’s Flaring Profile from 65% to below 25%. The company also supplies about 80% of the annual domestic LPG (Cooking Gas) consumption.
NLNG contributed about 4% of Nigeria’s Gross Domestic Product (GDP). As a good corporate citizen, the company also contributes immensely to national wealth and to the well-being of states in which it operates, by paying all applicable taxes and tariffs.