NLNG Tops Cargo Target, Eyes Deeper Partnership with Renaissance

Nigeria LNG Limited has credited Renaissance Africa Energy Company Limited with helping raise its plant utilisation from about 50 per cent to 82 per cent, alongside cargo deliveries exceeding its business plan by 31.

NLNG Managing Director and Chief Executive Officer Adeleye Falade disclosed the improvement during a courtesy visit to Renaissance’s headquarters in Port Harcourt, where the companies agreed to explore a formal framework for closer cooperation, according to a statement on Friday. 

Falade said Renaissance’s contribution to gas supply and operational support had played a significant role in the turnaround.

“Two years ago, we were punching below our weight. Our operations were running at about 50 percent utilisation,” he said.

“Today, we are operating at about 82 percent utilisation, and that improvement is due in no small measure to the heavy lifting being done by Renaissance.”

He added: “We are currently delivering 31 cargoes above our business plan and I am pleased to say that the difference is Renaissance.”

Falade said his visit was an opportunity to thank the Renaissance team for its commitment, professionalism and operational performance.

Renaissance MD/CEO Tony Attah said the gains demonstrated the value of collaboration across Nigeria’s energy industry. He stressed, however, that the country must look beyond gas exports to unlock broader economic growth.

“Export gas alone will not industrialise Nigeria. What will transform our economy is the productive utilisation of gas within Nigeria,” he said.

“We do not have a resource challenge. We have a development challenge. That is why the sustainability initiatives we are pursuing and the investments we continue to make are so important to us.”

Attah said Renaissance’s ambition to support energy security and industrialisation depended on partnerships that expand gas availability while protecting people, communities and the environment.

The companies agreed to explore a structured partnership covering gas supply optimisation, technical capability development, safety leadership and knowledge sharing. Other proposed areas include staff exchanges, resource sharing and stakeholder engagement.

Attah said both organisations would identify and document opportunities for cooperation, with the aim of signing a partnership framework in the first quarter of 2027.

“There are significant opportunities for both organisations, and we will be documenting these opportunities and developing a partnership framework around them,” he said.

“Our aspiration is to conclude this process and sign the framework during the first quarter of next year, creating a platform that enables both organisations to win together while contributing even more meaningfully to Nigeria’s energy future.”