KEY POINTS
- NLNG plant utilisation has risen from about 50% to 82%.
- Renaissance was credited with helping NLNG deliver 31 extra cargoes.
- Both companies plan a formal partnership framework by Q1 2027.
Renaissance Africa Energy Company Limited has been credited with helping Nigeria LNG Limited, NLNG, significantly improve the utilisation of its liquefied natural gas plant, with operations rising from about 50% to 82%.
The improvement has also enabled NLNG to deliver 31 cargoes above its business plan, according to NLNG Managing Director and Chief Executive Officer Adeleye Falade.
Falade disclosed the figures during a courtesy visit to Renaissance’s headquarters in Port Harcourt, where both companies discussed closer cooperation across Nigeria’s gas value chain.
He said NLNG had been operating below its potential about two years ago, with its six-train facility effectively using only four trains and achieving around 50% utilisation.
According to Falade, the situation has changed considerably, with plant utilisation now standing at about 82%. He attributed a significant part of the improvement to Renaissance’s efforts to provide reliable gas supply to NLNG.
Falade also said NLNG was currently delivering 31 cargoes more than originally planned, describing Renaissance’s contribution as an important factor behind the stronger performance.
He praised the company for its commitment, professionalism and operational performance, saying the visit was intended partly to recognise the support it has provided to NLNG. Renaissance CEO Tony Attah said the improved performance demonstrates the importance of partnerships within Nigeria’s energy sector.
He said the company’s focus goes beyond supplying gas for export, stressing that greater domestic utilisation of the country’s gas resources is needed to support industrial development.
Attah said Nigeria does not lack natural gas resources but faces challenges in developing and effectively utilising them.
He added that Renaissance is continuing to invest in sustainability initiatives and other activities aimed at supporting the country’s energy needs.
According to Attah, increasing domestic gas availability could help strengthen industrialisation and create wider economic benefits for Nigeria.
Companies plan deeper partnership
Renaissance and NLNG also agreed to explore a structured partnership that would deepen cooperation between the two companies.
The proposed framework will cover areas including gas supply optimisation, technical capacity development, safety leadership, knowledge sharing and staff exchange programmes.
It will also consider resource sharing and stronger engagement with stakeholders across the energy value chain.
Attah said both organisations would identify areas where closer cooperation could deliver greater value before developing a formal partnership framework.
The companies are targeting the first quarter of 2027 to conclude the process and sign the agreement. The planned collaboration comes as Nigeria seeks to increase gas production and make better use of its substantial natural gas resources.
Renaissance said stronger cooperation with NLNG would support efforts to increase gas availability, improve the performance of the gas value chain and contribute to industrial growth.
The company operates Nigeria’s largest oil and gas joint venture assets, involving NNPC, Renaissance, TotalEnergies and AENR.
The joint venture has participating interests of 55% for NNPC, 30% for Renaissance, 10% for TotalEnergies and 5% for AENR.
Both Renaissance and NLNG said their continued cooperation would help create sustainable value while supporting Nigeria’s broader energy security and industrialisation goals.
