29 June 2016, Sweetcrude, Lagos — Nigeria LNG Limited, NLNG, has clinched the Gas Company of Year award.
NLNG is said to have clinched the award based on recognition of its pivotal role in reducing gas flares; complying fully with tax laws; and impacting the lives of Nigerians through its Corporate Social Responsibility, CSR.
The award, given at the 2016 BusinessDay Oil and Gas innovation awards held at the weekend in Lagos.
BusinessDay newspaper, in conjunction with Oval Energy Limited, stated that NLNG won in the gas category after an extensive research by BusinessDay Research and Intelligence Unit, using different parameters on all companies involved in the upstream and downstream sectors of the oil and gas industry.
“NLNG won in the Gas Company of the Year category because of its role in harnessing Nigeria gas resources to produce liquefied natural gas which resulted in generated revenue of about $85 billion in the last 15 years; tax compliance which translated to the payment of $1.6 billion; payment of $30 billion in dividends to its shareholders; and the company’s 2016 CSR projects among others,” the organiser said.
Receiving the award on behalf of the Managing Director and Chief Executive Officer of NLNG, the General Manager, External Relations of the company, Dr. Kudo Eresia-Eke, said; “We are delighted to receive the Gas Company of the Year Award. NLNG is Nigeria’s success story. We believe in standards and in excellence. Our resolve for excellence reflects in our business and interaction with our stakeholders, our operations, our CSR projects and in fulfilling our vision of helping to build a better Nigeria.
“Our hope our success and our being as Nigeria LNG would be a source of inspiration to companies in particular and our nation in general.” he said.
This year’s awards is the second edition in the series which aims at rewarding and recognising institutions, organisations in the oil and gas, for excellence in various aspects of their operation covering companies in the entire value chain of the industry in Nigeria, from the major to the marginal players/service companies.