Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Sale of govt’s stake in NLNG, a done deal

    Sale of govt’s stake in NLNG, a done deal

    October 5, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    NLNGKunle Kalejaye 05 October 2016, Sweetcrude, Lagos – The Federal Government’s plan to sell part of its 49 percent stake in the Nigerian Liquefied Natural Gas, NLNG, company appears to be a done deal, SweetcrudeReports has learnt.

    The deal, according to reliable sources, was initiated in January this year when President Muhammadu Buhari visited Qatar.

    The sources disclosed that Qatari investors had signaled interest to invest in Nigeria’s oil and gas industry despite the crash in crude oil prices in the international market.

    Beside oil and gas, the Qatari investors had also indicated interest to invest in finance, telecommunication and agriculture in Nigeria.

    The financial cost, terms and other details of the deal were not revealed by the sources, but indications from the Presidency are that NLNG train six is the asset government plans to sell to the Qatari investors.

    Vice Chairman of Qatar Chamber of Commerce and Industry, Muhammed Bin Ahmed Bin Towar Al Kuwari, who spoke on behalf of the Qatari senior executive and some private businessmen at a meeting with President Buhari in Doha, said Africa was a new destination for the next decade.

    President Buhari, on the other hand, had assured the Qataris of adequate security in Nigeria.

    Besides the Nigerian government, the NLNG has three other shareholders -Shell with 25.6 per cent stake, Total LNG Nigeria Ltd (15 per cent) and Eni (10.4 per cent).

    Related News

    OPEC says world economy may do better in second half of year

    Nigeria champions sustainable financing at AU Executive Council meeting

    NNPC to list on stock exchange in 2028, says Ojulari

    E-book
    Resilience Exhibition

    Latest News

    OPEC says world economy may do better in second half of year

    July 15, 2025

    Oil eases as Trump’s 50-day deadline for Russia reduces supply fears

    July 15, 2025

    Seplat Energy highlights the increasing role of indigenous companies

    July 15, 2025

    NCDMB unveils Nigerian Content Fund Certificate, empowers 130 firms with $400m NCI Fund

    July 15, 2025

    NIMASA docks Deep Blue Vessel at Nigerdock for repairs

    July 15, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.