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Baru NNPC says corporation will collaborate with NLNG on hydrocarbon value chain

According to him, the collaboration will help in overcoming the challenge of militancy and dwindling oil and gas prices.

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Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has assured collaboration with the Nigerian Liquefied Natural Gas (NLNG) to promote business interest in the hydrocarbon value chain.

This is contained in a statement signed by Alhaji Garba Deen Muhammad, NNPC Group General Manager,Group Public Affairs Divisio, in Abuja on Tuesday.

Baru gave the assurance when he received the new Managing Director of the NLNG, Mr Anthony Attah, at the NNPC Towers in Abuja.

According to him, the collaboration will help in overcoming the challenge of militancy and dwindling oil and gas prices.

He described the NLNG business model as successful experience so far, noting that the NNPC as a major stakeholder would continue to provide all the necessary support for the growth and development of the company.

The GMD urged Attah to always consult with the NNPC when the need arises in order to remain on the same page with the corporation.

Attah, in his remarks, congratulated Baru on his appointment, adding that the NLNG remained the best run oil and gas company in Nigeria and Africa.

Also, the outgoing Managing Director of NLNG, Mr Babs Omotowa, described Baru as a technocrat with exceptional quality and several years of cognate experience in the Oil and Gas Industry.

Omotowa expressed optimism that the Oil and Gas industry under the watch of Baru would move to the next level.

He applauded the NNPC for all the support it had extended to the NLNG over the years and sued for maximum support for Attah.

The Nigeria LNG Limited was incorporated as a limited liability company on May 17, 1989, to produce LNG and natural gas liquids (NGL) for export.

Nigeria LNG Limited is jointly owned in the following proportions NNPC owns 49 per cent, Shell Gas B.V. owns 25.6 per cent , Total LNG Nigeria Ltd owns 15 per cent and Eni International owns 10.4 per cent.

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