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FACTS AND FIGURES 2020 ...helping to build a better

Facts and Figures is an annual compendium of information about Nigeria LNG Limited. This publication is produced by the External Relations and Sustainable Development Division of Nigeria LNG Limited. The Facts and Figures 2020

Editor-in-Chief Eyono Fatayi-Williams

Managing Editor Sophia Horsfall

Editor Emeka Agbayi

Deputy Editor Ophilia-Tammy Aduura

More information on the company's operations can be found at www.nigerialng.com or www.nlng.com. All correspondence regarding this publication should be addressed to: The Deputy Editor, Facts and Figures, Nigeria LNG Limited, NLNG Road, Eastern Bypass, , , Nigeria. Phones: +234 (0) 803 907 4000, 802 473 4000, (0) 84 28 4000 E-mail: [email protected] facebook.com/nigerialnglimited youtube.com/NgLNG linkedin.com/company/nigeria-lng-limited twitter.com/NigeriaLNG

Safety brieng during NLNG plant turnaround maintenance facebook.com/nigerialnglimited youtube.com/NgLNG linkedin.com/company/nigeria-lng-limited twitter.com/nigeriaLNG CONTENTS

The Company 8 Management Prole 15 Contributions to the Nigerian Economy 27 Anti-Bribery and Corruption 30 The Plant 33 Gas Supply 38 Commercial 42 20:30 Highlights 52 Shipping Operations 57 Finance 60 Nigerian Content 66 Health, Safety and Environment 72 and Nature Conservation 76 Social Performance 79

We're 1st in Africa!

THE

CSR AFRICA REGION AWARDS AFRICA REGION Nigeria LNG and Total are chosen as the brands that African AFRICA professionals most want to work for. 2019

In 2019, NLNG came rst among notable African brands, emerging way ahead of MTN and African Development Bank which made the second and third place positions respectively. Total was top of the international brands.

This was made known in the results released by Careers in Africa Employer of Choice study, now in its 4th year, in the latest issue of Talent BEST COMPANY Matters, published in African Business Magazine. IN The study, with over 30,000 respondents, the biggest in its four years, POVERTY asked Africans to choose the international and regional brand they most ALLEVATION want to work for. Careers in Africa Employer of Choice is an initiative of the UK-based Global Career Company.

THE COMPANY

Nigeria LNG Limited (NLNG) was incorporated as a limited liability company under the laws of the Federal Republic of Nigeria on May 17, 1989 to harness Nigeria's vast natural gas resources and produce Liqueed Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export. It is owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell (25.6%), Total Gaz Electricite Holdings France (15%) and (10.4%). The company has two subsidiaries: (BGT) Limited and NLNG Ship Management Limited (NSML).

Bonny Gas Transport Limited Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG. The company is owned by NLNG and its shareholders.

NLNG Ship Management Limited Established in 2008, NLNG Ship Management Limited (NSML) is a private Limited Liability company which provides shipping services including training, manning, eet management and consultancy services to Nigeria LNG Limited (NLNG), Bonny Gas Transport (BGT) and the sub-Saharan African maritime sector.

Personnel at NLNG Jetty,

8 Our Vision their full potential, and being a trusted partner with all our shareholders in the “…a global LNG company helping to build a better Nigeria.” sustainable development of Nigeria's gas industry and NLNG host communities. Nigeria LNG Limited will be a global LNG company renowned for its operational excellence, cost leadership, high HSE standards, honesty and Our People integrity. Nigeria LNG Limited's workforce comprises direct-hire staff and secondees from shareholder companies, working together to achieve the company's We help to build a better Nigeria by processing, shipping and marketing corporate objectives, through a set of shared values. efciently and protably the country's gas resources and by putting out the ares, thus diversifying the economy and minimising the environmental impact Direct staff are recruited after rigorous interviews, following advertisement of of our activities and products. vacancies on company's website and in national newspapers. Employment and appointments are made on merit, based on academic qualications, We will set the standards in community relations and technology transfer, and relevant work experience and competence. actively promote the sustainable development of Nigerian businesses. The shareholders appoint representatives to the Board of Nigeria LNG Limited. We will provide to our shareholders a good return on their investment. To execute the decisions of the Board is a Senior Management Team (SMT). Supporting the SMT are the Extended Management Team (EMT) and over We will provide an exciting and fullling place to work and the opportunity for 1,000 members of staff. staff to develop their potential. Core Values Finally, we will execute and operate our business in Nigeria with an Integrity international outlook and mindset. Teamwork Respect Our Mission Excellence To market, produce and deliver liqueed natural gas and natural gas liquids to Caring buyers safely, reliably and protably, growing our company and its people to

9 SHAREHOLDERS

Nigerian National Petroleum Corporation (NNPC) Total Gaz Electricite Holdings France Nigerian National Petroleum Corporation (NNPC) was established in Founded in 1995, Total is a major integrated oil and gas 1977 under the laws of the Federal Republic of Nigeria. It is the company active in all sectors of the petroleum industry. It corporate entity through which the Nigerian government participates in operates in more than 130 countries, and it is today, the fth largest publicly traded the oil and gas industry. NNPC and its subsidiaries dominate all sectors integrated international oil and gas company in the world. In Nigeria, the company is of the industry—exploration, production, rening, pipelines, marketing, crude/product one of the largest oil and gas producers through its involvement in more than 50 exports, and petrochemicals. NNPC owns 49% of the shares in Nigeria LNG Limited. permits, including nine as operator. Total owns 15% of the shares in Nigeria LNG Limited.

Shell Gas B.V. (SGBV) Eni International (N.A.) N.V.S.a.r.l Founded in 1974, Shell Gas B.V. (SGBV) is a member of the Royal Dutch Eni was founded in 1953 and is one of the world's major integrated oil Shell Group of Companies which operates throughout the world in all and gas companies engaged in all sectors of the petroleum business. It is subsectors of the oil and gas industry. For more than 40 years, SGBV has involved in exploration, development and production of oil and natural been investing in and delivering some of the world's largest and most gas in 70 countries. Eni owns 10.4% of the shares in Nigeria LNG complex gas projects. Besides its interest in Nigeria LNG Limited, Shell Gas holds the Limited. largest equity share of LNG capacity among international oil and gas companies, with a leading position in LNG shipping, marketing and trading of natural gas and power in Europe, and Asia Pacic. SGBV owns 25.6% of the shares in Nigeria LNG Limited.

10 NLNG AND SUBSIDIARIES: BOARDS OF DIRECTORS

NLNG Board of Directors 7. Henry Bristol 1. Edmund Daukoru Chairman 8. Olusegun Adebayo 2. Tony Attah Managing Director 9. Patrick Olinma 3. Sadeeq Mai-Bornu Deputy Managing Director 10. Jacques Besse 4. Mele Kolo Kyari 11. Maurizio Maiani 5. Bitrus Nabasu 12. Donald H. Malcolm 6. Henry Ikem Obih 13. Victor Richards 7. Rabiu Sulaiman 14. Sadeeq Mai-Bornu 8. Henry Bristol Jarlath Wade Company Secretary 9. Martinus de Jong 10. Patrick Olinma NSML Board of Directors 11. Mike Sangster 1. Yusuf Usman Chairman 12. Fabio Di Majo 2. Sadeeq Mai-Bornu Vice Chairman Akachukwu Nwokedi Company Secretary 3. Abdulkadir Ahmed Managing Director 4. Nike Kolawole BGT Board of Directors 5. Olusegun Adebayo 1. Edmund Daukoru President 6. Fidelis Agbomedarho 2. Tony Attah Vice President 7. Tranquillo Doniselli 3. Mele Kolo Kyari 8. Ufuoma Otomewo 4. Bitrus Nabasu 9. Terhemba Makeri 5. Abdul Abba Gana Akachukwu Nwokedi Company Secretary 6. Efundoyin Akinyanju

11 Our future FIT FOR FIFTY

Refreshed Strategy

12 ( )

New Corporate Head Ofce (see background photo)

Solid Reputation

7 New Managers, 2 New GMs, 40% Headroom

13 Fit For Fifty (FF50)

In 2020 , we refreshed our strategy to keep us focused and on track for the next thirty years by which time we should celebrate 50 years of safe production and reliable supply of LNG and NGLs to the world.

Refreshed Strategy

KEEP IT SAFE! KEEP IT FULL! MAKE IT GROW! (i.e. Make NLNG the safest (i.e. Keep our LNG Trains (i.e. Deliver Train 7 LNG company in the world) full at all times) project and more)

Through Personal Accountability and Disciplined Delivery MANAGEMENT PROFILE

remains to sustain the historical excellent performance while working to raise the company to the next level and continue to make NLNG an inspiration to Nigeria as part of NLNG's vision of helping to build a better Nigeria.

Tony holds a Bachelor's degree in Mechanical Engineering from the University of Ibadan and a Master of Business Administration from the University of Benin. He is a Fellow of the Nigerian Society of Engineers (FNSE), member of MANAGING DIRECTOR/ Council for the Regulation of Engineering in Nigeria (COREN), and member CHIEF EXECUTIVE OFFICER of Society of Petroleum Engineers (SPE).

Tony is epitomized by his focus on people and on delivering business value to stakeholders. His personal core values are humility, excellence, integrity and respect for people. He is married with children and his hobbies are watching soccer, playing golf and listening to music. Tony Attah is the Managing Director and Chief Executive Ofcer of Nigeria LNG Limited and Vice President of Bonny Gas Transport.

Tony has over 25 years' experience in the oil and gas industry. Prior to his current role as Managing Director of Nigeria LNG Limited, he was previously the Managing Director and Board Chairman of E & P Company (SNEPCo), Vice President for HSE & Corporate Affairs and Vice President Human Resources (HR) in Shell E&P Africa.

Over his distinguished career across Europe, Russia and Africa, Tony has led various multi-disciplinary teams across diverse cultures. He is renowned for his strong strategic and commercial mindset which is underpinned by a solid technical background and excellent leadership capabilities. His goal in NLNG

15 He joined NNPC in September 1987 as a Project Engineer and served as member of many project teams such as NNPC Corporate Telecoms Network (CTN), PPMC Escravos Tank Farm and Butanisation project for the construction of nine LPG depots nationwide.

DEPUTY From 1996 to 2004, Mr. Mai-Bornu served as Technical Assistant to ve MANAGING DIRECTOR consecutive Group General Managers in Engineering and Technology Division where he was renowned for his passion for project management, exemplary leadership and drive. Between 2004 and 2007 he was involved as Project Management Team Lead on NNPC's Transformation Programme — Project PACE working closely with Shell Manufacturing Services and Accenture. Sadeeq A. Mai-Bornu is the Deputy Managing Director of Nigeria LNG Limited and Director on the boards of Bonny Gas Transport and NLNG Ship In 2005, he became Deputy Manager in the Technical Services Department Management Limited. Sadeeq has over 30 years of working experience in the responsible for Cost Control and in 2007, Manager, Plant Projects in the oil and gas industry. He is an alumnus of Ahmadu Bello University, Zaria with a Process Engineering Department. From 2007 to 2011 he was General Bachelor's degree in Civil Engineering. He is COREN registered and a member Manager, Joint Ventures in the Renewable Energy Division (RED) responsible of the Nigerian Society of Engineers. for identifying potential partners for the Automotive Biofuels Programme. He was appointed Managing Director, Nigerian Petroleum Development Prior to his current role at Nigeria LNG Limited, he was the Managing Director Company Ltd (NPDC) in August 2015 where he was able to ramp up oil of Nigerian Petroleum Development Company Limited (NPDC), Benin, the production from about 87,000 barrels of oil per day (bopd) to a record upstream arm of Nigerian National Petroleum Corporation (NNPC). 155,000 bopd during his short tenure of seven months.

Sadeeq began his career in July 1985 at Ajaokuta Steel Company Limited Sadeeq is widely travelled and has attended several management and (ASCL) as a pupil engineer in the Real Estate Development Department where leadership courses. He has a strong air for coaching and mentorship. He is he was a member of the supervision team for the construction of the 10,000 married with four children. housing unit Steel Township.

16 Ufuoma began his career with Deloitte in 2001, where he led several audit assignments. He thereafter joined Total E&P in 2003 and has over the years worked in various capacities and locations in Nigeria, France, the UK and Norway. He played key roles in the successful negotiation of several agreements for the trial marketing of the USAN Project new crude oil stream, the negotiation of a joint venture governance process agreement for a portfolio of concession assets, the negotiation of a multi-million dollar GENERAL MANAGER, indemnity release agreement, the negotiation of several commercial and COMMERCIAL nancing agreements for a bundle of upstream oil and gas projects, the development of the marketing and shipping strategy for a major Russian LNG project and the SPA negotiation for a LNG project in Mexico, among others.

During his career, Ufuoma has had the privilege of working with multi-cultural, multi-disciplinary and multi-structured teams. This has given him insights into Ufuoma Otomewo is a business strategist and business nance professional how valuing differences within teams can help in sustainable long-term value with over 19 years' experience in audit and across diverse functional areas in creation. This underpins his strong focus on exploring value maximisation the oil and gas value chain. Prior to his current role as General Manager opportunities and negotiating win-win outcomes for all relevant stakeholders. Commercial, he was General Manager/Senior Advisor in the Asset Management and New Energies directorate of Total E&P. Ufuoma has personal interest in coaching, business model reframing, emerging technologies, value investing and start-up incubation / venture Ufuoma holds an MBA from Manchester Business School (MBS), UK, as well as funding. His hobbies include playing ping-pong, squash and listening to a B.Sc. (Hons) in Accountancy from the University of Nigeria, Nsukka. He is a music. member of the Association of International Petroleum Negotiators (AIPN), the Institute of Chartered Accountants of Nigeria (ICAN) and the Canadian Institute of Management (CIM). He also completed the TOTAL/HEC Business School's Business Skills and Leadership Development Programme.

17 In 2001, he was seconded to join the Trains 4 and 5 Front End Development team working with the FEED contractor (MW Kellogg) as a Process Engineer. On his return, he held various operational leadership positions in the company’s liquefaction plant on Bonny Island.

In 2005, he was seconded to Woodside Energy Limited in Western Australia where he worked at Karratha Gas Plant, a Woodside-operated ve-train LNG GENERAL MANAGER, plant, as Optimization Engineer and later as an Operations Superintendent CORPORATE SERVICES responsible for LNG production assets. On his return to NLNG, he held different technical leadership positions and, in 2008, he became the Head of Operations for the Liquefaction Plant, the rst NLNG direct staff in this position.

From 2010 to May 2019 when he was appointed General Manager, Corporate Services of NLNG, Joseph was Manager, Technical Services during Joseph Alagoa is an engineer with over 20 years of experience in the oil and which time Process Safety was formally introduced and embedded; Manager, gas industry spanning operations, process technology, planning, asset Integrated Scheduling and Planning where he was responsible for NLNG value management, and contract and procurement. He earned his Bachelor's chain optimization from feed gas to product delivery; Manager, Production degree in Chemical/Petro-Chemical Engineering from Asset where he focused on Production Excellence and Asset Assurance and of Science and Technology and is a member of the Nigerian Society of Manager, Contract, Procurement and Materials. Engineers.

Following his graduation from university, Joseph joined National Fertilizer Company of Nigeria and worked for about two years prior to joining Nigeria LNG Limited. He is part of the rst group of 16 graduate engineers that joined NLNG in 1998 where he started off in plant operations with focus on commissioning and start-up activities for Trains 1 and 2.

18 programmes of Craneld University and INSEAD Business School. She is a John Maxwell Certied Coach, Mentor and Speaker.

She was NLNG's rst Nigerian IT and Telecoms Manager and was instrumental to developing and implementing the unied IT and Telecoms platform which provided support for the company's emergence as the fastest growing LNG company at the time and paved the way for the rst centralised department in GENERAL MANAGER, the company. This structure became a model for the rest of the organisation. EXTERNAL RELATIONS She was also the rst Manager for the Commercial Administration of the Sales and Purchase Agreements governing marketing of company's products at the commencement of delivery of volumes under Trains 4 and 5 contracts and beyond. As HR Manager, she was instrumental to implementing positive lifestyle-friendly HR polices which led to leading edge work life balance and alignment policies. She enjoys the membership of several professional Eyono Fatayi-Williams has over 30 years of working experience most of which bodies. have been in leadership positions in various industry sectors including oil and gas, banking, security printing and manufacturing. She is passionate about building capacity in others to deliver value to relevant stakeholders. She is a mentor, an astute inuencer, innovator, and a dedicated She joined Nigeria LNG in October 1997 and has held several management technocrat committed to achieving results. She is strategic with excellent positions in the company. Before joining NLNG, she worked in Nigeria Security networking and communication skills and is passionate about organisational Printing and Minting Company, MBC International Bank and HACO, a effectiveness, good governance and leadership development and, to her Division of John Holt Limited. credit, has led many game-changing initiatives.

Eyono is an alumna of the University of and Leeds Metropolitan Eyono was appointed General Manager, External Relations for Nigeria LNG University with a Bachelor's degree in Computer Science and a Master's in Limited in May 2019 and is married with children. Corporate Governance respectively. She has attended several management and leadership courses including the executive general management

19 Services and Manufacturing sectors. In 2005, he joined the Nigerian National Petroleum Corporation (NNPC) where, at various times, he worked as Manager, Banking Operations and Manager, Management Information Systems (MIS) amongst other roles. Until his appointment at NLNG, he was General Manager, Banking Operations and had responsibility for Treasury Management for the Corporation.

GENERAL MANAGER, In his various roles at NNPC, Olugbenga contributed signicantly to the FINANCE Corporation's national deliverables: he co-ordinated the successful implementation of the Treasury Single Account (TSA) policy without disruptions to NNPC's regular operations; entrenched improved accountability in the process of fund releases to the Corporation's SBUs/CSUs which aided improved fund application and control; and also restructured the planning process for payment of Crude Cost to the Federation which signicantly made Olugbenga J. Oluwaniyi is a Chartered Accountant with a B.Sc. degree in the process more efcient. He also creditably represented NNPC in the weekly Accounting from the prestigious University of Lagos (UNILAG). He is also a meeting of the Fiscal Liquidity Assessment Committee at the Central Bank of fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Nigeria. Associate of the Chartered Institute of Taxation of Nigeria (CITN). In 2016, Olugbenga bagged the Honourable Minister's Award as the Most Olugbenga's almost 30 years career spans different industry experiences Outstanding NNPC Staff of the year. through which his astuteness as a professional accountant was ne-tuned and by which he gained extensive exposure to diverse oil and gas accounting and Mr. Olugbenga Jeremiah Oluwaniyi was appointed General Manager nance activities with strengths in Treasury, Budgeting, Taxation and Project Finance for Nigeria LNG Limited in March 2019. Accounts/Finance.

His career ventured into the oil and gas industry in 1999 when he joined National Oil Plc (now Conoil Plc) after garnering experiences in the Financial

20 development of the NLNG Trains 4 & 5 Sales and Purchase Agreements ('SPA') with TFE and Iberdrola and a part of the team that developed the NLNG shipping strategy in 2005.

Aka has been pioneer Human Resources Manager for Career Development and Talent Management and later the Human Resources and Services manager for NLNG's Production Division. He has also served as Managing GENERAL COUNSEL AND Director and Chief Executive Ofcer of NLNG Ship Management Limited COMPANY SECRETARY (NSML), an NLNG subsidiary, repositioning the company from loss making to an organization delivering strong performance and sustained prot for the NLNG group.

Aka has strong leadership and motivational attributes with a proven track record in change management and driving organizational efciency. He has Akachukwu Adeyinka Nwokedi is the General Counsel and Company led and delivered several complex assignments notable among which include Secretary of Nigeria LNG Limited (NLNG). He holds a rst degree and a Fit for 8 organisational effectiveness project, and relocation of NLNG Head Master's degree in law from the prestigious University of Buckingham, United Ofce from Lagos to Port Harcourt, Abuja and Bonny locations within a 90- Kingdom. He is an accomplished legal professional with over 20 years of day window on schedule, within budget and without a safety incident. He is experience. also a dedicated coach and mentor, and is an INSEAD alumni. He has been Secretary General of Nigeria Gas Association. Aka started his working career in 1996 as an Associate Counsel with Uche Nwokedi & Co (Solicitors) before joining NLNG as Legal Counsel, Technical & Projects in 1999, rising to the position of Senior Counsel Technical & Projects, in which capacity he supported the corporate secretariats of NLNG and Bonny Gas Transport Limited (BGT). Notably, Aka also delivered the Gas Supply Agreements (GSA) for NLNG's Trains 3, 4 and 5 and the nancing agreements for the NLNGPlus Project. He was also NLNG lead legal counsel for the

21 Commendation.

Between December 2008 and March 2010, he was Technical Assistant to the Group General Manager, HR Division/Career Advisor in LNG & Power, Engineering and Technical Services Division (ETD) and Renewable Energy (RED) from where he moved to Hyson Nigeria Limited (another subsidiary of NNPC) as Deputy Manager, HR and Admin. Services. He returned to NNPC's GENERAL MANAGER, Corporate Headquarters as Deputy Manager, Recruitment/Budget HUMAN RESOURCES Coordinator HR Division in 2010, and in January 2015, became Manager, Personnel Information and Compensation. Between February 2016 and July 2017, he served as HR Team Lead for the Alpine/NNPC Restructuring Project.

Terhemba was seconded to Nigerian Content Development and Monitoring Board (NCDMB) as General Manager, Human Resources in August 2017. Terhemba Emmanuel Makeri is a seasoned HR practitioner with over 25 years' During his time at NCDMB, he eliminated duplications and minimised industry experience. He holds an upper second-class B.Sc. (Hons) degree in inefciencies through a robust process review and realignment of activities and Political Science and Administration from the University of Maiduguri and a job roles, embedded a culture of continuous learning, and maintained M.Sc. in Public Administration from the same university. Terhemba also holds a industrial peace and harmony with zero downtime from industrial disputes. Bachelor of Laws degree from the University of Benin. He assumed duties as General Manager, Human Resources at Nigeria LNG In January, 1992, Terhemba started his career with Nigerian Petroleum Limited on 9th September, 2020. Development Company Limited (NPDC), Benin (a subsidiary of the Nigerian National Petroleum Development Corporation, NNPC) as Ofcer, Terhemba is a member of Nigerian Institute of Management, Chartered Records/Appraisal/Discipline. From 2004 up to 2007, he was a valued Institute of Personnel Management, Nigeria and Society for Human Resource member of the Project PACE Transformation Project that reviewed Management. He is married with children. organisational structure and delivered the Corporation's current Performance Management System, a role which earned him the Group Managing Director's

22 about 25years' experience in the oil and gas industry cover assignments that span various countries in Europe, Asia, Africa and the Middle East.

Prior to his current role as GM Production at NLNG, Leye was the Regional Asset Management System Implementation Manager for where he led the IT-enabled business simplication programme across Shell's upstream, integrated gas and downstream-manufacturing line of businesses. GENERAL MANAGER, Before then, he was seconded from Shell to serve as Operations Manager for PRODUCTION NLNG between 2015 and 2018.

In the course of his career, Leye has worked extensively in the upstream and integrated gas businesses with strong focus on delivery. He is versed in asset management, production operations, HSSE, maintenance, project, technical audit and business transformation. He is an exceptional leader who invests Adeleye (Leye) Falade is General Manager, Production. He is a graduate of heavily in people and business development. Electrical/Electronics Engineering from the University of Ibadan and holds an MBA from Henley Business School, University of Reading, UK. He is also a Leye was appointed General Manager Production for Nigeria LNG Limited in product of London Business School short-term programme. He is a Fellow of May 2019. He is married with children, enjoys playing golf and engages in Nigerian Society of Engineers (FNSE), member of Council for the Regulation capacity building for teenagers and youths. of Engineering in Nigeria (COREN), and member of Society of Petroleum Engineers (SPE).

Leye is an accomplished technical business professional with distinguished career in developing and implementing innovative solutions that have improved protability and performance of world class organizations. He has broad and signicant global exposure complemented by an ability to manage operations and projects in multi-national and multi-cultural environments. His

23 Manager. He moved on to manage the Engineering function, before his current appointment as General Manager Technical Division, accountable for capital expenditure, technical assurance and innovation corporately.

Ekeinde has led key corporate activities and initiatives over the years. These include aggregating all contracting and procurement activities across all six divisions; the delivery of the Nigerian Content Strategy for the six DFDE ship GENERAL MANAGER, acquisition (where he was also a member of the tendering team that TECHNICAL negotiated the deal) which delivered in-country capability in manufacturing, design and vessel construction; the Gas Supply Security module of the NLNG Flex strategy review which laid a foundation for more concrete discussions around the use of alternate gas supply sources. More recently he launched the company's digital transformation agenda and delivered a road map for the realisation of the asset of the future. Ekeinde Ohiwerei has broad technical, commercial and leadership skills acquired in his career working mainly across Nigeria and Europe. A product of Ekeinde is a member of the Nigerian Society of Engineers and Council for the Kings College, Lagos, he holds a bachelor's degree in mechanical engineering Regulation of Engineering in Nigeria (COREN), as well as a member of the from Loughborough University and a master's in business administration from Chartered Institute of Procurement and Supply and has attended leadership Imperial College, London. courses in Wharton and INSEAD.

Starting out as a rotating equipment engineer during the construction of Ekeinde is married with three children. His hobbies include travel, golf, and Nigeria LNG's rst two trains, he was soon seconded as a project engineer to music. the company's second expansion project. He returned to site to work in turnaround maintenance and later led the reliability engineering team. He was then appointed to manage the rst corporate Contracts, Procurement and Material Logistics department, adding the role of Nigerian Content Coordination before being appointed as the plant's rst Maintenance

24 Our contributions toward a better Nigeria

$114bn $9bn $15bn $1.6bn to FGN (NNPC) Escrow for feed-gas purchase under MCAs $18bn

25 Our contributions CONT’D

Provided more than 12,000 jobs each construction year

Helped reduce gas flaring Highest employer of shipping labour through NSML

Operators of ’s largest LNG fleet through BGT

26 Foreign Direct Investment (FDI) OUR CONTRIBUTIONS TO With its plant construction, the company generated considerable Foreign THE NIGERIAN ECONOMY Direct Investment (FDI) for the country. The project today has assets (i.e. property, plant and equipment) worth about USD17.5 billion at cost with 51 Nigeria LNG Limited (NLNG) is now considered one of the most important per cent stake by international oil companies and 49 per cent belonging to the economic projects in Nigeria. Since it began operations in 1999 when it country through the Nigerian National Petroleum Corporation (NNPC). shipped its rst LNG cargo, the company has brought signicant economic benets to Nigeria. Some of these are detailed on the next few pages. Gross Domestic Product (GDP) The company, since 2008, contributed about four per cent of Nigeria's annual Dividends Gross Domestic Product (GDP). With rebasing of the GDP, NLNG's contribution NLNG has also over the years paid dividends of over USD37.6 billion, out of to the GDP was put at about one per cent. which 49 per cent went to the Federal Government of Nigeria courtesy of its shareholding in the company, via Nigerian National Petroleum Corporation, Job Creation NNPC. NLNG provided more than 12,000 jobs at the peak of construction for each expansion project. Overall, the major sub-contractors employed over 18,000 Taxes Nigerians in technical jobs in the Base Project (Trains 1 and 2). Through each As a good corporate citizen, NLNG also contributes to national wealth and the Nigerian Content plan for its contracts, NLNG has promoted the development economic wellbeing of states in which it operates, by paying all applicable and employment of Nigerian manpower. taxes and tariffs. In 2019, the company's corporate income tax, including tertiary education tax, paid to the Federal Government of Nigeria amounted to Over 12,000 jobs will be generated during the construction phase of Train 7. about USD943 million, which is 9% higher than what was paid in 2018. Local Content Development Feedgas Payment NLNG supports the development of community and Nigerian contractors to Payment to Joint Venture (JV) feedgas suppliers from inception till date is about enable them to achieve standards of excellence, plus enhance their capacities USD29.5 billion. 55-60 per cent of such payment goes to the Federal and capabilities. In our host community, through the initiative to empower local Government of Nigeria via its shareholding in Nigerian National Petroleum contractors, indigenous contractors have made human and capital Corporation, NNPC. investments in their companies thereby expanding their operating capacity. The capabilities of local vendors have also been developed through mentoring and partnerships between more established Nigerian vendors and community vendors.

27 Nigerian Content commitment in the acquisition of six new technology DFDE Nigerianisation ships by NLNG's BGT led to major achievements such as a feasibility study for NLNG and its shareholders agreed on a Nigerianisation scheme on the establishment of a drydocking and ship-repair yard in Nigeria and the September 1, 1997. This was revisited and updated in 2004.The objective of training and development of Nigerians (both in Nigeria and Korea) in various the scheme which was to Nigerianise the company's workforce was achieved in aspects of ship design and construction and export of Nigerian goods for use in 2012. The company is now run by a 100% Nigerian management team and construction of BGT ships in South Korea. 95% Nigerian staff. NLNG, therefore, contributes to the reduction of unemployment gures in Nigeria. For Train 7, 55% of both engineering activities and procurement will be carried out in Nigeria and by Nigerian vendors. Vendor Finance Scheme NLNG recognises the fact that funding is the bane of the Nigerian manufacturing industry. This led, in 2013, to the introduction of the USD1 For details, see Nigerian Content section starting from page 66. billion NLNG Local Vendors Finance Scheme (NLVFS) which was increased to USD1.2 billion in June 2017 with the introduction of an additional Environmental Hazard Reduction participating bank to the scheme making a total of six participating banks. The Nigeria LNG Limited utilizes gas that would otherwise be ared by upstream scheme facilitates access to funds from participating banks to NLNG- companies. NLNG has converted about 193.6Bcm (billion standard cubic registered vendors (suppliers of goods or contractors of services). metres) or 6.84Tcf (trillion cubic feet) of Associated Gas (AG) to exports as LNG and Natural Gas Liquids (NGLs), thus making signicant contributions to the Under the scheme vendors are able to get speedy access to nance and fairer nation's income. NLNG has therefore contributed to reducing gas aring from nancing terms. The fairer nancing terms were secured using the leverage of 65% to about 20%. This has helped to protect the environment from the effects NLNG's relationships with the banks. of gas aring and has also enhanced government’s earning by the monetisation of this gas. Growing Nigeria's Maritime Sector NLNG Ship Management Limited (NSML), an NLNG subsidiary, is the biggest The environment is further protected by the signicant reduction in felling of employer of Nigerian seafarers on board the 13 BGT-owned ships. NLNG has trees for use as fuels. In addition, NLNG has contributed to a healthier nation trained hundreds of sea-going ofcers, some to the level of captains and chief by encouraging the use of cleaner energy through its domestic LPG supply engineers. programme which has also resulted in reduced expenditure on respiratory health issues. NLNG also continues to support the Maritime Academy of Nigeria, Oron, to train manpower for the industry. To this end, NLNG engaged Warsash Maritime Academy, Southampton to review the Nigerian academy's STCW 95

28 Deepening domestic LPG in Nigeria: Navigator Capricorn delivered the 1st LPG cargo from NLNG to Rivers State (Stockgap terminal in Port Harcourt). Picture shows NLNG and Stockgap ofcials at the event. courses. Warsash Maritime Academy was also required to help facilitate the Deepening Domestic LPG Sector accreditation process of Maritime Academy of Nigeria, Oron, to enable them For over 10 years, NLNG's intervention in the supply of Liqueed Petroleum issue MCA-approved certicates. The cost for these projects which includes Gas (LPG) - otherwise known as cooking gas - to the domestic market under purchase, installation and test-running equipment for the Academy is fully the NLNG DLPG Scheme has guaranteed LPG supply, availability and borne by Nigeria LNG limited. NLNG has spent over US $100,000 on affordability, and has stimulated the development of different parts of the equipment, besides sponsorship of four lecturers and a Life Craft Technician to DLPG value chain in Nigeria. the United Kingdom for training. In 2010, NLNG made a donation worth N40 million to the academy to facilitate training of ofcers in Prociency in Survival For more details, see page 43 Craft and Rescue Boat (PSCRB).

29 In recent times, NLNG's ABC programme focused on sustaining the ANTI-BRIBERY AND achievements from our ABC trainings, keeping the whistle-blower platform CORRUPTION (ABC) active, driving increased compliance with declaration of Conicts of Interest, enhancing integrity due diligence on counterparties while keeping the Gifts Anti-Bribery and Corruption Principles andHospitality register and membership of UN Global Compact (UNGC) up In its policies, principles and practices, NLNG is fully aligned to the United to date. Nations Global Compact (UNGC) Principle 10 on anti-corruption which states that “businesses should work against corruption in all its forms, including Ethics Line (the “whistle-blower”) extortion and bribery”. To further deepen our commitment to ghting corruption, NLNG Ethics and NLNG is committed to upholding the highest standards of ethics in our Compliance Hotline Line was set up in 2012. The Ethics Line allows for relationships with employees, customers, suppliers, shareholders, regulators condential, anonymous submission of information on potential violation of and our host communities. This commitment is ensured through policies which laws, rules, regulations or any policies. guide the business in its relationship with stakeholders. Two of the key policies are: NLNG Code of Conduct and Anti-Bribery and Corruption (ABC). The NLNG Ethics Line, or whistle-blower platform, is an anonymous, toll-free resource managed by an external party. No call tracing or recording devices Consequently, direct or indirect offer, payment, soliciting or acceptance of are ever used, and callers may remain completely anonymous, if they so wish. bribes in any form including facilitation payment is unacceptable. Employees Callers are given a number and call back date at the end of their calls. Should must avoid conicts of interest between their private activities and their roles in they desire to follow up on the status of their report, or want to provide the conduct of company business and must declare to NLNG potential conicts additional information, they simply call back and reference this information. of interest. All business transactions on behalf of NLNG must be reported They can also receive feedback through e-mails or track the progress of the accurately in the accounts of the company in accordance with established whistle through the external party's platform. procedures and are subject to audit and disclosure. NLNG will continue to ensure that staff, vendors, suppliers and other Everyone involved with NLNG's business must comply with the (ABC) laws of counterparties are continuously encouraged to make good faith reports on Nigeria and of the countries in which we operate and do business. Involvement unethical behaviour/misconduct. This is aimed at creating an environment that in acts of bribery and corruption will attract disciplinary action, dismissal, legal promotes values such as fairness, accountability and ethical behaviour. Cases proceedings and, possibly, imprisonment. reported are continuously monitored, investigated and closed out within set targets.

30 Conict of Interest (CoI) NLNG requires all members of staff to declare any perceived or actual conict situation that exists during the course of their engagement with the company. Declared conicts are reviewed and resolved by company management. Employees are also required to declare any gifts and hospitality given/received from the company's business partners/associates.

The annual Conict of Interest Declaration is considered a medium for members of staff to attest to the NLNG Code of Conduct & Business Principles.

Counterparty Integrity Due Diligence (IDD) As a practice, NLNG carries out integrity due diligence on all counterparties doing business with it as a component of the overall counterparty risk management.

Membership of United Nations Global Compact (UNGC) In December 2015, NLNG became a signatory to United Nations Global Compact (UNGC), the world's largest voluntary corporate responsibility initiative with business and non-business participants from 160 countries.

NLNG continues to maintain its active participation in the UNGC through annual voluntary contribution, timely submission of the annual Communication on Progress (COP) and CEO's statement of continued support as well as reafrming its Signatory Level of engagement with the organisation.

31 32 THE PLANT and came into operation in November 2002. The next phase of development called the NLNGPlus project, comprised of Our shareholders took a Final Investment Decision (FID) to build a Liqueed Trains 4 and 5, commenced with an FID in March 2002. Train 4 came on Natural Gas (LNG) plant in Finima, Bonny Island in Rivers State in November stream in November 2005 and Train 5 was started up in February 2006. 1995. in December, they awarded a turnkey Engineering, Procurement and NLNGSix project, consisting of Train 6 and additional condensate processing, Construction (EPC) contract to a consortium of engineering rms comprised of LPG storage and Jetty facilities, commenced with an FID in 2004. Train 6 , Snamprogetti, M.W. Kellog and Japan Gas Corporation (TSKJ) for the became operational in December 2007. Plant (consisting of two trains: Trains 1 and 2, called the Base Project), the Gas Transmission System (GTS) and the Residential Area (RA). With six trains currently operational, the entire complex is capable of producing 22 million tonnes per annum (mtpa) of LNG, and 5 mtpa of NGLs Construction at the plant site commenced in February 1996 and on August 12, from 3.5 Billion (standard) cubic feet per day (Bcf/d) of natural gas intake. 1999, Train 2 was ready for start-up. Production of LNG commenced on September 15. Train 1 subsequently came on stream on February 27, 2000. Plans for building Train 7 that will lift the total production capacity to 30 mtpa of The second phase of development, called Expansion Project, commenced with LNG are currently progressing. FID for Train 7 was taken in December 2019, an FID in February 1999 to develop Train 3 and the plant's Natural Gas Liquids paving the way for the signing of Engineering, Procurement and Construction (NGLs) Handling Unit (LHU) — condensate stabilisation and Liqueed Contracts with SCD JV Consortium, comprised of afliates of , Chiyoda Petroleum Gas (LPG) production units. The expansion project was completed and Daewoo, in May 2020.

33 The plant has rapidly and successfully made the transition from a construction metres. project to a stable production operation with a robust framework of people, l A common fractionation plant to process LPG. processes, systems and organisation, as well as relentless focus on operational l Five common Condensate stabilisation . excellence and continuous improvement. In addition to regular maintenance l 10 gas turbine electricity generators with a combined capacity of more of the assets to assure integrity and reliability, opportunities are continuously than 320 MW. sought to debottleneck the plant, incorporating proven techniques and l Two LNG export jetties, one of which also exports LPG while the other also processes to maximise production, and manage human interferences and exports Condensate, with a combined capacity of more than 400 loadings impacts. The plant has also embarked on a structured programme of asset per year. rejuvenation to extend the plant life beyond the current design life. All these l 23 LNG ships dedicated to the service of NLNG. activities are underpinned by Health, Safety, Security and Environment (HSSE) l A materials off-loading jetty. culture that continually seeks improvements in the safe and sustainable l A passenger jetty/terminal. utilisation of our assets. l A Residential Area (RA) covering an area of more than two sq.km.

The plant continues to rank amongst top performers worldwide; its performance is regularly benchmarked internationally with other LNG plants around the world. NLNG has, within a short span of time, grown in status to become a very reliable supplier of LNG in the Atlantic Basin, serving the European, South American, Middle East, and Far East markets.

The Plant is built on 2.27 sq.km of largely reclaimed land in Finima, Bonny Island. The main elements of the facilities already in operation are: l Diversied gas supply (Associated Gas and Non-Associated Gas) and six main dedicated gas transmission pipelines with four of them located on- shore. l Six LNG processing units (trains) with a total nameplate processing capacity of 22 mtpa. l Four LNG storage tanks, each with a capacity of 84,200 cubic metres. l Four LPG refrigerated storage tanks, each with a capacity of 65,000 cubic metres (two each for propane and butane). l Three Condensate storage tanks, each with a capacity of 36,000 cubic Plant at night, aerial view

34 NLNG MAJOR MILESTONES

May 1989 Incorporation of Nigeria LNG Limited September 2001 End of Build-Up Period (GSA)

November 1995 Final Investment Decision (FID) by shareholders for Trains October 2001 Commencement of Control Year (GSA) 1 and 2 March 2002 Final Investment Decision (FID) by Shareholders for February 1996 Commencement of plant construction Trains 4 and 5 September 1998 Completion of Gas Transmission System (GTS-1) November 2002 Train 3 Ready for Start-Up

February 1999 Final Investment Decision (FID) by shareholders for Train 3 November 2002 Commencement of LNG Production from Train 3

August 1999 Plant Ready For Start-Up with Train 2 December 2002 First LNG Shipment from Train 3

September 1999 Commencement of Production from Train 2 January 2003 Signing of the USD1.6 billion loan for NLNGPlus

October 1999 Export of rst LNG cargo February 2003 Start-Up of LPG Facility

February 2000 Start-Up of Train 1 June 2003 First Shipment of LPG

March 2000 Completion of Initial Supply Period July 2004 Final Investment Decision (FID) by Shareholders for Train 6 (Gas Supply Agreement, GSA) (NLNGSix) April 2000 Export of First Condensate Cargo November 2005 Start-Up of Train 4

May 2000 Export of First LNG Spot Cargo February 2006 Start-Up of Train 5

August 2000 Export of 50th LNG Cargo December 2006 1000th LNG Cargo

September 2000 Plant Commissioning Ceremony June 2007 Feed Gas Reception Facilities for the 6 - train complex became fully operational February 2001 Export of 100th LNG Cargo

35 NLNG MAJOR MILESTONES CONTINUED

October 2007 First Butane Cargo destined for domestic market loaded June 2020 Export of 5000th LNG cargo

December 2007 Handover of Train 6 to NLNG Production Division, Record Rundown of LNG to storage tanks within 9 days of handover

May 2008 Nigerianisation of the Managing Director position

October 2009 10 Years of LNG, NGLs production

October 2010 Export of 2000th LNG Cargo

December 2012 Highest number of cargoes produced in a year (333)

January 2014 Export of 3000th LNG Cargo

May 2017 Export of 4000th Cargo

July 2018 Award of Front-End Engineering Design (FEED) contract for Train 7 October 2019 20 years of LNG, NGLs production

December 2019 Final Investment Decision for Train 7 taken

December 2019 Highest quantity of LNG produced in a year 21.8MT

December 2019 Highest quantity of LNG loaded in a year 21.3MT

May 2020 Award and signing of EPC Contracts for Train 7 to SCD JV Consortium

36 WINNING WITH TRAIN 7

Over 12,000 jobs 55% of Engineering Sustained LPG Activities in Nigeria Domestic Supply 35% Growth: 55% Procurement by More Revenue from 22 to 30 MTPA of LNG Nigerian Vendors More Dividends $12Bn FDI 100% of Installation and Construction in Nigeria More Taxes Viable LNG Supply for Further Reduction of Domestic Needs Gas Flaring

Approved ESHIA by Federal Ministry of Environment

37 gas by gas suppliers and the recent signing of the FID for the seventh train by GAS SUPPLY the NLNG shareholders which will enhance processing capacity of the NLNG Bonny Plant Complex. Nigeria is blessed with abundant reserves of both associated and non- associated gas (AG and NAG), estimated to be in excess of 202 Trillion Other demands on the use of Nigeria's gas are for domestic power generation, (standard) cubic feet (Tcf). domestic utilities, fertilizer and petrochemical industries, as well as export for NGL, in addition to other gas projects such as those embarked upon by the The country is ranked ninth in terms of proven natural gas reserves in the world. West African Gas Pipeline Company Limited (WAGPCo) and future LNG The natural gas reserves are estimated to be sufcient to sustain current projects. The NLNG six-train complex is the biggest gas consumer and production rates for up to 60 years. exporter in Nigeria with its current daily consumption of almost 3.5 bcf/d, equivalent to more than the total daily consumption of industrialized countries Geologists believe that there is a lot more gas to be found in Nigeria like The Netherlands and Australia, respectively. (potentially up to 600Tcf), if companies deliberately explore for gas, as opposed to nding it while in search of oil. 2018

The Nigerian government aims to eliminate all aring of gas associated with the production of oil, and NLNG continues to play a signicant part in this. In the period 1999-2019, NLNG has converted 193.6Bcm (Billion standard cubic meters) or 6.84Tcf (Trillion cubic feet) of Associated Gas (AG) to export products (equivalent to more than 2478 LNG and NGL cargoes) which otherwise would have been ared.

NLNG is poised to help in further reducing upstream gas aring with the anticipated improvements in the collection of associated

38 Gas Supply Agreements SPDC-JV currently supplies feedgas from a number of elds, including Gbaran Nigeria LNG Limited has long term Gas Supply Agreements (GSAs) with three Ubie, Soku, Bonny (on-shore), Bonga, and EA (off-shore) supply facilities, each Joint Ventures (JVs) for the supply of natural gas (feed gas) to the plant. These receiving gas from a wide range of oil and gas elds. However, Bonga and EA JVs are Shell Petroleum Development Company of Nigeria Limited (SPDC), offshore elds have been marked for diversion to the Nigerian domestic gas Total Exploration & Production Nigeria (TEPNG) and Nigerian Agip Oil market via the Escravos Lagos Pipeline System (ELPS) in due course in Company Limited (NAOC). compliance with the (Nigerian) Federal Government's directive.

Feedgas Additionally, under a special supply arrangement with the SPDC-JV, an Feedgas is produced by the JVs from various concession areas in the Niger indigenous marginal eld concessionaire/operator— Petroleum Delta—from onshore and offshore elds—and supplied to NLNG under a long Resources (NDPR) — supplies natural gas to NLNG from its Ogbelle-Obumeze term Gas Supply Agreement with each JV. The agreements ensure efcient gas oil and gas process facilities. At 35mmscf/d, it currently supplies 1% of NLNG supply to the NLNG plant throughout the life of the respective projects. daily feedstock, but with potential to grow.

The NAOC-JV supplies gas to NLNG from its Obiafu-Obrikom (OB-OB) Integrated Gas Supply centre which receives gas from a wide range of elds, including Idu, Akri, Kwale, Irri, Oshie, Tebidaba Details of the agreements are as follows: and Ebocha oil and gas elds. (% vol. of gas supply by each JV): The TEPNG-JV derives gas supplied to the plant Joint Venture Company from the onshore Obite, Ibewa and Obagi elds. Project Name Train Additionally, natural gas rich in liquids is supplied NNPC/SPDC*/NAOC/EPNL NNPC/EPNL* NNPC/NAOC* to NLNG from its off-shore Amenam and Akpo Consolidated 1 - 6 55.8 19.7 24.5 p l a t f o r m s . I n D e c e m b e r 2 0 1 4 , T E P N G commissioned delivery of some 35 to 40mmscf/d Legend: of associated gas from its Ofon project through its * - Operator NNPC - Nigerian National Petroleum Corporation Amenam offshore plant as part of its are reduction SPDC - Shell Petroleum Development Company of Nigeria Limited (Shell Affiliate) strategy. NAOC - Nigerian Agip Oil Company (Eni Affiliate) EPNL - Elf Petroleum (Nigeria) Limited , now Total Exploration & Production Nigeria (Total Affiliate) The recently upgraded supply capacity of the TEPNG Obite plant from 350mmscfd to

39 530mmscfd is poised to deliver Gas Supply Network increased volumes to NLNG plant with the completion of its 42-inch diameter by 45km gas transmission pipeline (Obite Ubeta Rumuji — OUR) in 2016.

A l s o , T E P N G , i n 2 0 1 6 , completed the construction of another 24- inches diameter by 50km pipeline, the Northern Option Pipe Line (NOPL), designed to evacuate gas from the OUR pipeline at Rumuji to the Nigerian domestic gas grid at for onward transmission to the Alaoji IPP in Aba, .

At present, with six trains in full operation, the total gas requirement of the company's natural gas liquefaction plant is about 3,500 mmscf/d (3.5 Bcf/d).

Currently, gas is transmitted to NLNG complex through six independent Gas Transmission Systems (GTS). The GTS-1, -2, -4 and Bonny Non Associated Gas (BNAG) piping systems are onshore, while GTS-3 and -5 are off-shore lines.

40 Celebrating the signing of a 20-year GSA for Train 7

41 player in the global gas and LNG industry. This has been made possible COMMERCIAL through commercial diversion and optimization opportunities explored from time to time with the Long Term LNG Buyers as well as through spot FOB sales Since October 1999 when the rst cargo of Liqueed Natural Gas (LNG) was to several counterparties, leveraging the MSA platform. loaded for delivery to Montoir Terminal in France, NLNG has maintained its reputation as a safe, reliable, responsible and trusted supplier of LNG and With the rst sets of SPAs from Trains 1 & 2 and Train 3 expiring from late 2021 Natural Gas Liquids (NGLs) worldwide. The NGLs comprise of Condensates to 2023/2024, the LNG volumes from these foundation Train projects have and Liqueed Petroleum Gas (LPG). With a six-train complex with nameplate now been resold under new SPAs that will kick in once the existing SPAs expire. capacities capable of producing 22MTPA of LNG and 5MTPA of NGLs, NLNG In a rapidly evolving gas and energy market, it is no surprise that the Trains1-3 now has the capacity to safely load and deliver over 300 cargoes of its products remarketing and other commercial activities remain focused on offering the annually. exibility and reliability that address buyers' changing preferences on the one hand and ensuring continued optimal value for NLNG on the other. Liqueed Natural Gas (LNG) NLNG currently manages 16 long term LNG Sale & Purchase Agreements Additionally, NLNG has renewed its focus on growth and expansion with a (SPAs) executed with nine buyers on a Delivered Ex-Ship (DES) basis. These strong ambition to realise the Train 7 project which will raise the liquefaction Long Term LNG buyers include Enel S.p.A, Naturgy S.A, BOTAS, Galp Gas capacity to 30MTPA and for which the Final Investment Decision was taken in Natural S.A, Endesa S.A, ENI S.p.A, Pavilion Energy Spain S.A.U (formerly December 2019. The signing of EPC Contracts was also concluded in May with Iberdrola S.A), Shell International Trading Middle East Ltd (SITME) and 2020, triggering the commencement of the Detail Design and Construction Total Gas and Power Ltd (TGPL). phase of the Project.

NLNG has also executed about 51 Spot LNG Master Sale Agreements (MSAs) Natural Gas Liquids (NGL) with various counterparties across major LNG markets and emerging demand NLNG produces high quality NGL, comprised of Liqueed Petroleum Gas centres, in order to enable the prompt sale and optimization of both base and (LPG — Propane and Butane) and Condensates, as by-products of the natural any excess production volumes on spot and term basis. gas liquefaction process and currently has capacity to produce up to 5 million tonnes of NGL per annum. Both products are sold for export on a Free on Deliveries of LNG to buyers under the Long Term SPAs are primarily to the Board (FOB) basis to pre-qualied companies, including afliates of NLNG Atlantic Basin (Spain, France, Portugal and Italy in Europe, Turkey, Mexico shareholders. A signicant portion of the total LPG produced, mainly butane, and the United States). However, NLNG cargoes have continued to nd a is sold within Nigeria as Domestic LPG under NLNG's Domestic Energy place globally with deliveries to the Far East, Greater Mid dle East, South Initiative aimed at making clean and affordable energy available. America and North West Europe, thus ensuring NLNG's position as a major

42 Domestic LPG Supply of the World LPG Association in 2017. For over 12 years, NLNG's intervention in the supply of Liqueed Petroleum Gas (LPG) otherwise known as cooking gas to the domestic market under the Also, in continuous demonstration of its commitment to the company's vision NLNG Domestic LPG (DLPG) Scheme has helped minimise the rate of death of "helping to build a better Nigeria", NLNG has committed to delivering associated with the use of dirty fuel sources for cooking. It has also stimulated 350ktpa of DLPG annually into the domestic market through Nigerian growth in the industry by guaranteeing LPG supply availability and companies with whom it has signed Sales and Purchase Agreements (SPAs). affordability and enabling the development of a value network for a The number of these off-takers has increased from just six at inception of the sustainable ecosystem towards a better Nigeria. Between 2007 and 2019, DLPG Scheme in 2007 to 36 in 2019. NLNG cumulatively supplied over 1,802kt of LPG into the domestic market, spurring a steady rise in annual domestic consumption in a market that was Commercial Shipping below 50kt per annum in 2007 to over 800kt per annum in 2019. To ensure NLNG has a total of 23 LNG vessels on long-term time charter for deliveries of steady supply of products, deliveries are made through NLNG's dedicated LNG from its six-train operation, and one LPG vessel used exclusively for LPG vessel chartered for the DLPG Scheme. deliveries into the Nigerian domestic market. Where it becomes necessary, additional third party vessels are chartered on ad hoc basis — spot or short The ongoing DLPG market deepening strategy yielded some further dividends term — to support NLNG's cargo deliveries. All 23 LNG vessels are utilised on with the commencement of deliveries to Stockgap terminal in Port Harcourt, as an integrated scheduling basis. part of deliberate moves to encourage growth of the sector beyond Lagos and reduce the impact of congestion of the Lagos ports on deliveries into the market.

Following the Domestic LPG industry study commissioned by NLNG in 2016 which projected growth of up to 3,000ktpa by 2026, subject to implementation of various interventions across the value chain, NLNG intensied its advocacy drive with the government aimed at facilitating the implementation of specic industry and policy initiatives necessary for the attainment of this projected market growth and development. This led to the establishment of a Programme Management Ofce (PMO) to drive the National LPG Expansion Initiative led by the Vice President of the Federal Republic of Nigeria. NLNG has also maintained its leadership role in the industry, as a member of the A long view of NLNG loading jetty with a vessel Governing Council of Nigeria LPG Association. NLNG also became a member

43 Transforming Nigeria's Domestic LPG Market

Grew Nigeria’s domestic consumption from below 50kt in 2007 to over 800kt in 2019 Increased off-takers from 6 at inception to 36 in 2019 Cumulatively supplied over 1,802kt between 2007 and 2019

Now delivering to Stockgap Terminal in Rivers State to decongest Lagos ports Committed to delivering 350ktpa as part of market deepening strategy Guaranteed LPG availability , affordability , and price stability Dedicated/chartered vessel ensures uninterrupted supply

44 The Ships: Ownership Structure

S/N Company No of Vessel

1 Bonny Gas Transport (BGT) 13 vessels - 6 DFDE and 7 steam ships

2 BW GAS ASA 8 vessels - All steam ships

3 Nippon Yusen Kaisha (NYK) 2 vessels - All steam ships 4 E.A. Temile & Sons Company 1 LPG Vessel Nigeria Limited

Operational and Technical Management of the Fleet Vessels

S/N Managing/Operating Company Vessel Owner No of Vessel 1 NLNG Ship Management Limited BGT 11 (NSML)

2 BW Gas BW Gas 8 3 Northern Marine Management BGT 2 Limited (NMM)

4 NYK NYK 2 5 NLNG Ship Management Limited E.A. Temile & Sons 1 (NSML) Company Nigeria Limited

45 The Future addition to this, NLNG will continue to help build a better Nigeria by supplying NLNG's commercial focus is continuous repositioning for competitive edge to products into the country including exploring domestic LNG supply ensure optimal incremental 'Value and Business Growth', leveraging a range opportunities as a potential source of helping to bridge the energy gap, of strategic portfolio management and optimisation mechanisms including specically supporting the power sector. cargo diversions, swaps, SPA reviews for value, etc. Following the successful Final Investment Decision on Train 7, the next few In line with its prole as a growing organisation, NLNG will continue to years will be both challenging and exciting for NLNG as it works to safely consolidate its position as not only one of the major and reliable suppliers of deliver this new world class facility within the context of the rapidly changing LNG in the world but equally a exible and value driven LNG supplier. In global energy landscape.

At the GSA signing ceremony, from right: Aka Nwokedi, NLNG GM Legal; Eyono Fatayi-Williams, NLNG GM External Relations and Sustainable Development; Osagie Okunbor, Country Chair, Shell Nigeria; Mele Kyari, GMD NNPC; Tony Attah, MD NLNG; Sadeeq Mai-Bornu, Deputy Managing Director, NLNG

46 LONG TERM BUYERS' CHART

TRAINS BUYERS RECEIVING FACILITY

BOTAS Aliaga, Etki and Marmara Ereglesi (Turkey) ENEL Montoir (France) GALP GAS NATURAL Sine (Portugal), Cartagena and Huelva (Spain) 1 & 2 GLOBAL LNG GAS Montoir and Fos Cavaou (France) NATURGY Barcelona, Bilbao, Cartagena, Huelva APROVISIONAMIENTOS Mugardos and Sagunto (Spain)

GALP GAS NATURAL Sines (Portugal), Cartagera and Huelva (Spain) 3 NATURGY ENERGY Barcelona, Bilbao, Cartagena, Huelva, GROUP Mugardos and Sagunto (Spain)

BG LNG Elba Island and Lake Charles (USA) Barcelona, Bilbao, Cartagena, Huelva, Mugardos ENDESA and Sagunto (Spain) Sines (Portugal), Barcelona, Bilbao, Cartagena, 4 & 5 ENI Huelva, Mugardos and Sagunto (Spain) GALP GAS NATURAL Sines (Portugal), Cartagena and Huelva (Spain) IBERDROLA Huelva (Spain) SHELL INTERNATIONAL Barcelona, Bilbao, Cartagena, El Ferrol, Huelva, TRADING MIDDLE EAST Sagunto (Spain) and Lake Charles (USA)

SHELL INTERNATIONAL Altamira (Mexico), Barcelona, Bilbao TRADING MIDDLE EAST Cartagena, El Ferrol, Huelva, Sagunto (Spain) and Lake Charles (USA) 6 Zeebrugge (Belgium), Altamira (Mexico), TOTAL GAS AND POWER Barcelona, Bilbao, Cartagena, Huelva, Mugardos, Sagunto (Spain), Lake Charles and Sabine Pass (USA)

47 Base and diversion destinations

Bonny Island Load Port Base Destinations Diversion Destinations

48 SHIPPING: MAJOR MILESTONES 1989 2003 December Incorporation of Bonny Gas Company (formerly Enellengee April Yusuf A. Hambali joined LNG Bayelsa as the 1st NLNG- Limited; renamed BGT Limited on September 1, 1991) trained Captain September LNG Lagos delivered NLNG‘s 400th cargo to Enel Montoir 1990

January BGT acquired its 1st two vessels, LNG Bonny and LNG 2004 Finima December LNG Abuja loaded NLNG’s 500 cargo May BGT commenced time charter with Malaysia LNG

June BGT exercised its options to purchase LNG Lagos (formerly 2005 name Gastor) and LNG Port Harcourt (formerly Nestor) st from Nedlloyd and Ocean Group respectively March 1 batch of Nigerian ratings joined LNG Sokoto September Successful BGT Nigerianisation: Capt Temilola Okesanjo 1999 appointed General Manager of Bonny Gas Transport (BGT), August Contract with Hyundai Heavy Industries (HHI) for the 1st Nigerian to hold the position construction of two new builds, Hulls 1295 and 1296 (LNG Rivers and LNG Sokoto, respectively) 2007

September BGT and NLNG signed Time Charter Party for four vessels December 1st Ship -to-Ship transfer of LPG destined for domestic October LNG Lagos delivered 1st NLNG cargo at Montoir LNG market from BW Saga to Blue Gas Terminal, France to Enel

2009 2000 June Signing of Training Agreement with AESML November Contract with Hyundai Heavy Industries for the construction June Signing of Ship Management Agreement with STASCo of LNG Bayelsa 2010

2001 November NLNG 2000th cargo delivered by LNG Sokoto to Naturgy February LNG Bonny loaded NLNG’s 100th Cargo. (formerly Gas Natural Fenosa) at Barcelona August Ownership of two vessels (LNG Edo and LNG Abuja)

transferred to BGT 2011

October LNG Abuja delivered NLNG’s 1st spot cargo to Europe January NLNG executed a Training MOU (Memorandum of Understanding for a scheme of Ship Management Knowledge Transfer) with AESML

49 2012 2014 September Election of NLNG into the Oil Companies International August Commencement of changeover of vessel management of Marine Forum (OCIMF) SIRE Focus Group (SFG) ten BGT vessels from NLNGSS to NSML

November LNG Rivers achieved Ten Years TRC free August 10 BGT vessels under NSML management achieved two million man hours TRC free. November Bahamas Authority issued NLNGSS with Interim Bahamas DOC allowing NLNGSS to manage Bahaman vessels September 20,000 metres of low voltage cable exported from Nexans Kabelmetal in Nigeria to South Korea, following a successful factory acceptance test (FAT) in Lagos. This completes the 2013 total of 180,000 metres of cable exported by Nexans Kabel metal: 80,000 metres to Samsung Heavy Industries (SHI) March Signing of loan / nancing documents for USD310 million and 100,000 metres to HHI Additional Program Debt (APD) and US$1.1 billion New Vessel Debt (NVD) for BGT Plus vessels construction October Management changeover of LNG Finima from NLNGSS to July Issuance of ISO 9001 and 14001 full accreditation to NSML, signalling completion of transition of all NLNGSS NLNGSS-managed vessels to NSML

November Five Nigerian trainee managers departed Nigeria for the 2014 HHI shipyard in South Korea for training in areas including January LNG Lokoja loaded the 3000th LNG Cargo to Marmara HSE management, Quality Assurance and Quality Control Terminal, Turkey management

April Steel cutting for Hull No. 2076: 1st steel cutting for BGT December Investors' Roadshow Event for the Nigerian dry-docking and Plus Project in South Korea, signalling commencement of ship repair yard project held in Lagos, Nigeria, to provide construction of BGT Plus new builds opportunity for investors to express effective interest in further development of the project as being promoted by May 59 trainees departed Nigeria for the 1st batch of ship NLNG/BGT, SHI, HHI and facilitated by Royal Haskoning construction training at Hyundai Heavy Industries (HHI) DHV facilities in South Korea in fullment of the Memorandum of Agreement between NLNG/BGT and HHI December 57 trainees departed Nigeria for the 1st batch of ship construction training at the Samsung Heavy Industries (SHI) May HHI commenced training of Nigerian technicians in basic facilities in South Korea as part of human capacity welding, electrical work and painting at Bonny Vocational development in ship construction in fullment of the Centre (BVC) Memorandum of Agreement between NLNG/BGT and SHI

50 2014 2015 December SHI commenced training of Nigerian technicians in basic December New build DFDE vessel, LNG Port Harcourt II, was delivered welding, electrical work and painting at Bonny Vocational to BGT from Samsung Heavy Industries (South Korea) and Centre (BVC) was simultaneously delivered into long term charter to NLNG 2015 2016 August Vessel Trafc Information Management System (VTIMS) completed at Bonny terminal January New build DFDE vessel, LNG Lagos II, was delivered to BGT from Hyundai Heavy Industries (South Korea) and was November Samsung Heavy Industries (SHI) successfully completed the simultaneously delivered into long term charter to NLNG training of 120 Nigerians in various ship-building skills in Korea as part of their Nigerian Content commitment March New build DFDE vessel, LNG Abuja II, was delivered to under the BGT Plus Project BGT from Samsung Heavy Industries (South Korea) and was simultaneously delivered into long term charter to November New build DFDE vessel, LNG Finima II, was delivered to NLNG BGT from Samsung Heavy Industries (South Korea) and was simultaneously delivered into long term charter to NLNG June 30 New build DFDE vessel, LNG Abalamabie, was delivered to BGT from Samsung Heavy Industries (South Korea) and was December Training of six (6) batches of trainees on the Hyundai Heavy simultaneously delivered into long term charter to NLNG, Industries (HHI) basic welding training programme at the marking the successful completion of the BGT Plus Project Bonny Vocational Centre (BVC) was successfully completed. A total of 80 Nigerians were trained in basic welding. 2017 August Implementation of the Shipping Strategy leading to the December Utilisation of Nigerian manufactured products (sacricial dissolution of the erstwhile Shipping Division and integration anodes, low-voltage cables, furniture and paints) on board of the various shipping functions into other divisions within the BGT Plus Project new build vessels was successfully NLNG and NSML. completed at the respective shipyards in South Korea December Samsung Heavy Industries (SHI) successfully completed the 2018 training of 35 Nigerian trainees and 5 Nigerian ship April Award of contract for construction of LPG vessel for managers in various ship-building skills in Korea as part of Domestic LPG operation to E.A. Temile & Sons Company their Nigerian Content commitment under the BGT Plus Limited, the 1st indigenous company to own a vessel of such Project capacity for domestic operation.

2015 2020 December New build DFDE vessel, LNG Bonny II, was delivered to BGT May E.A. Temile’s LPG vessel makes maiden loading at NLNG’s from Hyundai Heavy Industries (South Korea) and was Bonny terminal simultaneously delivered into long term charter to NLNG

51 In 2019 NLNG celebrated 20 years of production & 30 years of incorporation.

Stakeholders cutting the anniversary cake in Abuja Enjoy the sights on the following pages.

From right: Gen. , GCFR, Nigeria’s former Head of State; His Majesty, King From left: Engr. Simbi Wabote, Exec. Sec. of NCDMB; Osagie Okunbor, Shell Nigeria Country Chair; Edward Asimini William Dappa Pepple III, Perekule XI, Amanyanabo of Grand Bonny Oma Attah, MD NLNG spouse; Tony Attah, MD NLNG; Godwin Obaseki, Governor, and Kingdom; Sadeeq Mai-Bornu, Deputy Managing Director, NLNG , Minister of Works and Housing at the award night celebrating 20:30 anniversaries and winners of NLNG's prizes for science, literature and literary criticism

52 Cutting the anniversary cake on Bonny Island Teens performing at the Bonny 20:30 event on Bonny Island

Nigeria's mother of songs, Onyeka Onwenu, performing on Bonny Island Superstar Tu Face performing on Bonny Island

53 Celebrating NLNG ofcials paid a courtesy call on the Amanyanabo of Bonny Kingdom

Some of NLNG's Board and management staff with the Amanyanabo of Bonny Kingdom Some NLNG management staff at the ground-breaking ceremony for (1st right) and then Board Chairman Chief (Dr.) O. R. LongJohn at the ground-breaking Bonny Consulate Building ceremony for Bonny Consulate Building

54 Past MDs and Deputy Managing Directors at a special Leaders Developing Leaders event on Bonny Island Part of the carnival oat celebrating 20:30 anniversary

RA children on calisthenics display before the special 20:30 football match on Bonny Island Members of RA Karate Club display their skills

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56 NSML, over the years, has evolved from a purely manning company to an SHIPPING OPERATIONS international maritime services company providing the following world-class maritime services: SHIP MANAGEMENT l Vessel Management NLNG Ship Management Limited (NSML) is a private Limited Liability company l Crew Management and Administration that provides a wide range of shipping services including training, manning, eet management and consultancy services to Nigeria LNG Limited (NLNG), Bonny Gas Transport (BGT) and the sub-Saharan Africa maritime sector.

NSML was incorporated on October 9, 2008 as NLNG Ship Manning Limited in response to rapid changes and challenges in the maritime business and the scarcity of competent ship board personnel worldwide. The company, set up as a manning outt, commenced full operations in August 2010.

In 2014, the company was renamed NLNG Ship Management Limited after its rebirth as a fully edged ship management company in the wake of the integration of NLNG Shipping Services (NLNGSS) into the company. In 2017, following NLNG Corporate Shipping Re- organisation Strategy, the Maritime Centre of E x c e l l e n c e [ M C O E ] a n d Te r m i n a l Management services were also integrated into the company. MCOE simulation centre

57 l Terminal Management l Maritime Training, Projects and Consultancy. 1. NIMASA accreditation as a Maritime Training Institute [MTI] and accreditation to conduct STCW courses; NSML's Fleet Management department currently manages 11 LNG ships, 2. Marshall Islands Flag Administration accreditation to conduct STCW and seven Steam and four Dual Fuel Diesel Electric owned by Bonny Gas Transport Seafarers' Training courses; (BGT), the NLNG shipping subsidiary; ensuring the vessels are operated in 3. DNV-GL accredited Maritime Simulator Centre and Maritime Training line with ag state, class and the global maritime industry requirements. centre; NSML ensures that these vessels are sea and cargo-worthy at all times, 4. ISO 9001:2015 by DNV-GL. thereby ensuring that NLNG achieves its aims of delivering cargoes safely and reliably to its customers globally. NSML remains focused on becoming a stronger player in the international maritime industry, poised to harness and support the shipping needs of its NSML has also continued to implement the Nigerianisation Plan with regard to parent company — NLNG — and extending the provision of services to third BGT vessels. Today, the company has achieved 82% of its Nigerianisation parties in the medium to long term with a view to increasing revenue and target and is on course to meet the 100% Nigerianisation target by 2022. As at protability in line with its strategic growth and expansion objectives. November 2019, the company has in its employment 661 competent and professional employees (297 Ofcers, 329 Ratings and 35 shore-based NLNG Vessel Trafc Information Management System (VTIMS) personnel). A Vessel Trafc Information Management System (VTIMS) is in operation at NLNG marine control building (MCB) facility on Bonny Island since August, NSML's Terminal Services Department currently manages NLNG Bonny 2015. The VTIMS is operated under the "International Association of Marine terminal and provides efcient port operations ensuring the safe and timely Aids to Navigation and Lighthouse Authorities" (IALA) guide as a "Local Port shipment of export cargoes from the terminal. Service" (LPS) to monitor, inform and advise vessels bound for or leaving NLNG facility, thereby assisting in safety of navigation and environmental NLNG Maritime Centre of Excellence (MCOE) protection in and around Bonny waters and NLNG marine facilities. The MCOE is a one-stop maritime consulting and training outt set up to provide marine and shipping technical services, maritime training, maritime project management and maritime consultancy for NSML, NLNG and for the wider maritime industry. The MCOE is situated on Bonny Island and is endowed with state-of-the art bridge and engine simulators to carry out accredited and certied maritime trainings, simulations and research. The centre has the following national and international accreditations:

58 NLNG exhibition stand, GASTECH 2019 at NRG centre, Houston, Texas

59 FINANCE FINANCIAL TRANSPARENCY In line with NLNG’s commitment to transparency and a culture of integrity, below is a summary of NLNG nancials from 1999 - 2019. Dividend, Gas Purchases, Taxes, Fees, Levies & Other Payments and Remiances

Revenue Capital Investment Dividend - NNPC Gas Purchase - NNPC Gas Purchase - Escrow* CIT & ET PAYE

US$ US$ US$ US$ US$ US$ US$ 1999 22,803,710.85 3,721,153,000.00 5,002,469.41 214,536.86 2000 857,089,563.89 1,222,691,000.00 75,546,943.70 387,255.67 2001 1,197,512,881.78 316,365,000.00 104,217,698.00 1,338,317.31 2002 1,096,717,252.18 1,385,373,000.00 92,423,391.47 2,499,982.22 2003 1,932,406,674.63 1,115,840,000.00 157,589,875.47 3,704,830.27 2004 2,283,689,973.84 902,799,000.00 278,860,715.00 197,367,717.18 4,930,158.13 2005 2,648,255,030.90 1,858,718,761.65 57,425,460.17 227,841,442.79 7,410,211.04 2006 4,601,530,129.66 1,575,884,238.35 332,979,540.83 385,754,760.39 9,876,666.10 2007 6,285,939,490.19 306,446,000.00 842,956,858.80 539,907,637.66 14,623,192.08 2008 9,066,785,809.02 1,651,638,000.00 2,613,170,000.00 749,668,208.76 22,136,751.52 2009 4,542,271,827.24 225,196,000.00 848,680,000.00 563,486,750.31 21,904,055.84 2010 6,968,091,772.39 93,150,000.00 1,401,400,000.00 1,362,128,476.13 111,940,116.07 28,535,128.20 2011 9,972,440,902.38 49,749,000.00 2,509,780,000.00 1,492,919,026.95 160,139,868.84 65,080,000.00 45,945,458.22 2012 11,591,840,993.55 152,434,370.00 2,768,990,000.00 1,699,946,647.21 251,558,126.62 107,037,404.06 36,415,164.66 2013 9,668,258,456.57 220,286,889.87 1,260,704,340.00 1,495,877,533.42 276,657,618.78 118,592,000.00 44,337,802.05 2014 10,791,380,802.13 24,762,275.28 1,389,908,436.93 1,536,193,150.35 254,063,733.17 1,402,003,000.00 46,903,130.17 2015 6,843,087,203.00 864,757,745.76 1,043,764,965.12 1,184,460,184.43 97,713,152.45 2,169,918,000.00 42,842,418.54 2016 4,722,534,907.86 881,841,176.00 356,126,898.44 717,721,972.35 66,624,691.98 323,273,784.39 31,321,964.76 2017 6,013,708,481.39 208,844,403.11 798,140,840.45 835,581,266.34 167,174,567.51 606,668,750.00 15,038,621.66 2018 6,871,746,181.63 372,926,418.79 904,498,502.96 990,423,524.31 148,622,213.15 863,828,230.95 34,850,866.72 2019 6,314,901,836.61 334,667,218.07 915,645,702.33 819,307,749.07 148,475,191.12 942,562,000.00 43,339,903.48

114,292,993,881.69 17,485,523,496.88 18,323,032,261.03 15,233,366,425.71 1,682,969,279.69 6,598,963,169.40 458,556,415.52

60 Dividend, Gas Purchases, Taxes, Fees, Levies & Other Payments and Remiances Shell, Total, ENI Shell, Total, Agip & Conoco/Phillip Local Contracts for Goods & Dividend Witholding Tax VAT State and LGA Taxes Regulatory Fees, Levies, etc Gas Purchase Services [Net of WHT] US$ US$ US$ US$ US$ US$ US$ 450,600.38 0.00 186,748.61 526,491.63 3,734,394.03 1,166,160.13 0.00 2,110,001.52 60,418,813.56 56,117,734.50 2,740,238.26 0.00 73,124.25 123,835,097.88 77,580,114.08 8,218,111.30 0.00 5,642,655.13 110,032,640.30 68,922,750.43 13,019,332.19 0.00 9,331,135.83 137,233,239.13 118,227,301.18 12,868,081.91 0.00 845,395.91 129,776,946.09 290,242,785.00 148,547,977.73 13,617,067.30 950,818.19 0.00 1,484,839.32 106,154,951.16 59,769,356.50 171,712,215.91 14,472,871.19 546,081.73 0.00 1,397,779.67 90,638,026.36 346,570,542.50 288,675,316.19 16,002,092.31 1,236,082.39 29.42 1,929,573.03 135,560,486.00 877,363,261.20 404,623,981.61 19,258,486.62 6,104,914.88 727,391.06 2,488,550.07 426,365,713.43 2,719,830,000.00 560,374,091.45 8,684,721.82 28,653,732.65 686,820.30 2,097,842.05 534,276,889.73 883,320,000.00 418,539,787.44 12,634,790.19 113,338,456.46 702,008.90 3,677,857.53 357,513,031.42 1,458,600,000.00 1,071,357,337.05 13,868,850.83 153,937,798.29 681,272.00 8,552,581.67 334,660,394.75 2,612,220,000.00 1,232,962,297.65 14,532,599.24 165,483,195.64 1,122,180.00 9,362,074.54 305,120,943.56 2,882,010,000.00 1,459,004,508.53 276,064,838.79 133,438,610.66 900,292.59 163,180,598.02 813,139,454.26 1,337,890,320.00 1,304,952,121.81 295,949,844.42 23,976,580.33 1,160,679.13 52,288,195.09 821,755,463.14 1,482,889,884.34 1,347,812,929.81 222,465,084.25 20,156,589.72 2,178,341.84 34,413,408.31 610,818,236.56 1,116,544,495.00 961,969,175.45 85,226,188.11 24,598,056.38 1,027,505.72 23,777,843.64 548,353,076.59 380,958,876.05 593,162,346.83 173,837,414.43 23,163,355.57 764,357.19 39,065,528.13 509,167,605.92 853,793,518.10 728,573,697.09 195,523,947.54 23,623,765.53 729,346.16 41,985,701.03 460,439,514.64 967,567,276.13 818,989,101.39 199,659,918.48 20,824,491.73 1,056,266.30 34,929,771.49 515,664,419.31 979,491,746.19 702,221,065.89

1,600,261,239.72 740,032,530.14 11,736,490.61 438,821,204.84 7,131,451,435.42 19,249,062,061.02 12,538,060,246.06

61 FINANCIAL TRANSPARENCY CONTINUED FINANCING

GOVERNMENT LICENCES, FEES ETC- 2019 THE TRAINS Description Amount ($) State Levies 146,382.94 Trains 1 & 2 (Base Project) The Base Project (Trains 1 & 2) which cost USD3.6 billion was nanced by Local Government Levies 549,453.53 NLNG's shareholders. States Withholding Taxes (WHT) 360,429.83 State and LGA Levies 1,056,266.30 Train 3 (Expansion Project) NLNG's third train (Expansion Project), including additional tankage, cost USD1.8 billion. The nancing plan was similar to that of the Base Project. Besides new equity injection by the shareholders, revenue and surpluses from DPR Payments 30,057.64 the Base Project were re-invested in the Expansion Project. Much of the cost of NIMASA 1,119,702.46 the new LNG tankers was borne by third-party nanciers. When this loan was NPA 79,866,550.26 secured in 2002, the amount represented the single largest lending to an NDDC 23,892,881.35 industrial complex in Sub-Sahara Africa. Other MDAs 4,157,755.99 Regulatory Fees/Levies 109,066,947.70 Trains 4 & 5 (NLNGPlus Project) Customs Duties 5,665,398.15 Excluding ship acquisition, the cost for NLNGPlus project (Trains 4 & 5) was Bonny Bodo road project - NLNG contribution 8,410,800.00 USD2.2 billion. This was funded with a combination of internally generated 123,143,145.85 revenue and third party loans amounting to USD1.06 billion.

The third party loans comprised of four Export Credit Agency (ECA) NIMASA payments represents cabotage levy only guaranteed international commercial bank loans totalling USD620 million, an uncovered international bank loan of USD180 million, an uncovered Nigerian commercial bank loan of USD160 million and an African Development Bank facility of USD100 million. The ECAs, namely US EXIM, ECGD, SACE and Gerling NCM, provided guarantees to a group of 19 international banks led by BNP Paribas, Citigroup, Credit Lyonnais, MCC and West LB. The ECA- backed facilities as well as the African Development Bank facility had eight-

62 year tenure. The facilities have been fully repaid as at 15 December 2010, nancing. with a USD20 million short-term 'place holder' nancing remaining in place. THE SHIPS The nancial discipline and character demonstrated by NLNG in abiding by the loan covenants, terms and conditions throughout the tenure has Trains 1 & 2 (Base Project) signicantly increased the appetite of international lenders for nancing In 1990, the company raised a third party loan of USD132 million through opportunities involving the company. Citibank to buy four ships for the Base Project. The ships, built for another company but not put to use, were refurbished and put into interim business Train 6 until the plant began operations. Final Investment Decision (FID) for NLNGSix was taken in July 2004 for the sum of USD1,748 million. Train 6 was principally nanced from internally Train 3 (Expansion Project) generated funds. Start-Up was December 14, 2007 and production Following the Third Train Expansion, three vessels were acquired by BGT. Their commenced on 23 December 2007. construction was partly funded with third party nancing , viz: l LNG Rivers and LNG Sokoto were nanced with USD160 million Train 7 syndicated loan which was signed on December 20, 1999. Credit-Suisse Train 7 will be built from a combination of funding from NLNG's Balance Sheet First Boston was the lead arranger for this facility for which repayment and the rst-of-a-kind USD3 billion multiple-sourced nance deal which started in 2002 following the delivery of the second vessel. NLNG recently signed with 30 reputable institutions. Sumitomo Mitsui Banking l The third external debt in connection with BGT eet was the loan inherited Corp. (SMBC) and Guaranty Trust Bank of Nigeria were the Financial Advisers from the acquisition of two ex-Lachmar ships (LNG Edo and LNG Abuja) on the transaction which involved Export Credit Agencies, Development from NLNG on August 1, 2001 when the outstanding debt stood at Financial Institutions, international commercial banks, and Nigerian banks. USD210 million. l In September 2001, another syndicated bank loan for USD100 million MILESTONE LOAN REPAYMENT was arranged to assist with the construction of LNG Bayelsa. Again, Credit- December 2017 heralded the full and nal repayment of NLNG's Shareholder Suisse First Boston played the lead role. The vessel was delivered in Loan facility which spanned over two decades and summed up to USD5.45bln. February 2003. All principal and interest repayments were made without a single default. The consolidated loan had contributed towards funding the Base Project, Trains 4 & 5 (NLNGPlus Project) Expansion Project, NLNG Plus Project and Train 6. A ceremony was Hyundai Industries and Daewoo Shipyard built the eight additional ships subsequently held to commemorate this milestone achievement in July 2018 needed for NLNGPlus project. Of the eight vessels, BGT owns four while others which also served as a platform for market sounding for the upcoming Train 7 were chartered from Bergesen d.y. of Norway. BGT raised USD460 million in

63 March 2003 to partly fund the construction of the vessels. Financing for the six vessels was arranged in two programmes: a USD310 million six-year Additional Programme Debt (APD) facility and a USD1,100 This facility was arranged by ABN AMRO Bank, Credit Lyonnais, Fortis, ING million twelve-year New Vessel Debt (NVD) facility. The APD was raised as Bank, HVB, Verein und Westbank and West LB. The balance of USD282 million additional indebtedness under the 2006 USD680 million facility vessel came from internally generated revenue and shareholders' funds. nancing arrangement, while the NVD was a new facility with several international commercial banks and Export Credit Agencies as lenders, BGT renanced all the foregoing third party facilities in 2006 with a USD680 including Korean Export-Import Bank (KEXIM) and Korean Trade Insurance million facility through Standard Chartered Bank. This was secured against Corporation (K-SURE). The deals were signed off on March 26, 2013. Both the seven of the vessels in BGT's eet. APD and NVD facilities have been fully drawndown. With a six-year tenor, the APD loan was fully repaid on the 29th of March, 2019 while the NVD is due to be fully repaid by 2025. Train 6 Following Train 6 Final Investment Decision (FID), six LNG vessels were built and delivered at a combined cost of USD957 million on long term charter to NLNG.

The vessels were built at Daewoo Shipyard and Samsung Shipyard in South Korea. Four of the vessels were chartered from BW GAS Asa of Norway and two from NYK LNG (Atlantic) Ltd of Japan.

EXPANDED BUSINESS Production from the six train plant approaches name-plate capacity and LNG is now delivered to more distant destinations, in response to changing business opportunities. As a result, additional shipping capacity became necessary.

In April 2013, Bonny Gas Transport ordered six new vessels to be constructed by Hyundai Heavy Industries (two ships) and Samsung Heavy Industries (four ships). Three vessels were delivered in 2015, with the last three delivered in NLNG's management, staff, board and shareholders at FID signing for Train 7 2016.

64 painting and electrical works at Our Contributions to Nigerian Content

65 (BGT), a wholly owned subsidiary of NLNG, to construct six new Dual Fuel NIGERIAN CONTENT Diesel Electric (DFDE) LNG carriers — four by Samsung Heavy Industries (SHI) and two by Hyundai Heavy Industries (HHI). The six vessels built in South Korea NLNG and Nigerian Content under the BGT Plus Project have been delivered, thereby enhancing the level of Nigeria LNG Limited considers Nigerian Content an important feature of all its Nigerian ownership and shipping capacity in the eet through the activities. In the company, all approved Nigerian Content Plans are aimed at government's holding in NLNG. attaining maximum achievable Nigerian Content deliverables in related activities, the ultimate goal being to achieve the targets set in the Nigerian Oil For the contract, NLNG made additional investment to the contractors' and Gas Industry Content Development Act (NOGICD) 2010. By embedding commitment for: the requirements of the NOGICD Act 2010 in all its contracting and a) Utilisation of suitable Nigerian goods and services in the construction of procurement processes, the company has enshrined Nigerian Content as a the vessels. key deliverable. b) Training of over 700 Nigerians in ship building in both Nigeria and the contractors' shipyards in South Korea. 120 of these were trained at The company's performance on Nigerian Content is governed by a committee Samsung Heavy Industries South Korean shipyard. of NLNG Board of Directors and Senior Management Team. c) Utilization of qualied Nigerians in the contractors' shipyards as part of the workforce for the construction of the vessels. NLNG and Nigerian Content Development and Monitoring Board d) Promotion of the establishment of a ship-repair yard in Nigeria for in- (NCDMB) country development of repair and maintenance capacity for LNG ships In a collaborative initiative, and to strengthen its relationship with NCDMB, in and other large carriers by commissioning a feasibility study to that effect. May 2017, NLNG signed a business-to-business Service Level Agreement e) Setting up of the Maritime Centre of Excellence (MCOE) on Bonny Island to (SLA) with NCDMB. The SLA became necessary because of the peculiar nature provide marine and technical shipping services. of NLNG's operations which is time-sensitive. The SLA was a key strategy for shortening the contracting cycle, cutting the cost of projects and improving TRAINING AND SKILLS ACQUISITION compliance with the Nigerian Content Act 2010. It is worthy of note that this Thirty-ve Nigerian trainees participated in the construction of six DFDE ships was then the rst of its kind in the oil and gas industry in Nigeria and it supports in South Korea as part of the implementation of the Nigerian Content the Federal Government's drive to enhance the ease of doing business in deliverables on the BGT Plus project. This number includes 28 out of the 57 Nigeria. trainees who completed their initial training in South Korea and seven out of the 20 that successfully concluded training on Ship Design at International SHIPPING Energy Services Limited (IESL) in Lagos. A key initiative in shipping was the contract award by Bonny Gas Transport

66 ship managers (two Production Managers, two QA/QC Managers and two HSE Managers).

Training of Nigerians in the acquisition of DFDE experience commenced in 2014 and includes cross-posting to companies currently managing this class of vessels, shipboard experience on board DFDE vessels, and deployment to shipyards.

The Ship Management Knowledge Transfer Project (SMKTP) initiated in 2008 with Shell International Trading and Shipping Company Limited (STASCo) was successfully completed in 2014.

Milestones include the birth of NLNG Ship Management Services (NLNGSS), a ship management department in NLNG, the phased take-over of the management of BGT vessels by NLNGSS, and the complete integration, in December 2014, of NLNGSS with NLNG Ship Manning Limited to form a new company, NLNG Ship NLNG ofcials (Charles Epelle, Manager, Nigerian Content; Andy Odeh, Manager, Govt. Relations and Tony Attah, MD) paid a courtesy call on Engr. Simbi Wabote and other ofcers of Nigerian Content Management Limited (NSML), a subsidiary of NLNG dedicated to Development and Monitoring Board, NCDMB providing ship manning and management services to NLNG and the international maritime industry at large.

Over 420 Nigerians completed the basic welding training in the Bonny FINANCE Vocational Centre training facilities of Hyundai Heavy Industries and Samsung NLNG vendors continue to benet from the USD1.2 billion NLNG Local Heavy Industries as part of the Nigerian Content deliverables of the BGT Plus Vendors Financing Scheme (NLVFS) which offers funding at extremely project. The training facilities of HHI and SHI have been handed over to Bonny competitive rates to Nigerian vendors. Over N10 billion has been disbursed to Vocational Centre (BVC), also as part of the Nigerian Content deliverables of NLNG vendors under the scheme to date. the project. This enhances the capacity of BVC to train more Nigerians on basic and advanced welding using state of the art equipment. SERVICES AND PROCUREMENT NLNG encourages full participation of Nigerian companies in its contracting Six Nigerians participated in the ship construction at HHI's Ulsan shipyard as and procurement processes while maintaining international standards on

67 quality, cost, schedule, ethics, health, safety and environmental protection.

Examples of recent major awards made to Nigerian service providers: l Two Nigerian companies currently manage the Marine Operations Strategy Contract, a deliberate effort by NLNG towards encouraging in-country assembly of passenger boats, escort boats, RIB craft in Nigerian shipyards, and utilizing Nigerian materials and human resources in the assembly of the vessels. l As listed below, Nigerian goods and materials have been exported to South Korea for use in the construction of the six new DFDE LNG carriers: £ PCMN and Berger Paints Nigeria Plc exported 480,000 litres of paints to Participants at a capacity building workshop for community vendors both Samsung and Hyundai ship yards in South Korea. £ Over 180,000 metres of low voltage (LV) cables from Nexans COMMUNITY VENDOR DEVELOPMENT Kabelmetal were shipped to Korea. In a proactive bid to discover more Nigerian sources, Nigerian Content surveys £ Over 9,000 pieces or 158 tons of Aluminium and Zinc sacricial and vendor forums are conducted at scheduled intervals to identify indigenous anodes from Metec West Africa were produced, shipped and installed companies capable of providing the goods and services required by NLNG. in the new ships in South Korea. Below are some laudable achievements in this regard: £ Moveable furniture for the six new ships were made by two Nigerian l Through NLNG's initiative to empower local contractors via the Finima companies, IO Furniture Limited and Vina International Limited, and Legacy Project, 11 host community-based contractors have made capital shipped to South Korea.

68 investments in their companies thereby expanding their operating capacity. Deliberate technology transfer initiative has enabled Waste Pipe & Drainages l The Finima Legacy Projects for 50 and 20 houses were initiated by NLNG to (WPD) Nigeria Limited to safely and successfully complete the change-out of full promises made to the community. The contractors were involved in the all nominated compressed air dryer bed desiccants in U-4700 (14 vessels in civil and electrical infrastructures for the construction of 4-bedroom total). This makes WPD the second Nigerian contractor with this level of bungalows. competence and capability. The company can now compete in LNG trains l Strategic partnerships between the more established Nigerian vendors and mole sieve bed change-out with Cakasa, the only contractor with this kind of the community vendors, as in the case of SJ Abed and Vikal Nigeria experience hitherto. Enterprise for the provision of catering services. l Fifty-four vendors from the community have been trained at Bonny Recently also, NLNG partnered with Nigerian Foundries, a Nigerian company, Vocational Centre to improve their skills in business development and for the production of eight numbers 10 ton Test Weights which a UK company project management. was unable to manufacture. The transaction demonstrated the technical and l NLNG's deliberate strategies implemented to increase spend in the commercial capability of the Nigerian vendor. community have led to a signicant increase in year-on-year spend. Other indigenous companies which have recently beneted from NLNG NIGERIAN VENDOR DEVELOPMENT Nigerian Content Policy implementation drive.include Berger Paints PLC, Doing business with NLNG has engendered improvement in some of our Paints and Coatings Manufacturers Nigeria PLC (PCMN), Dornier Aviation vendors' business processes, and led them to upgrade their facilities and Nigeria AIEP Limited (DANA), Holborn Nigeria Limited, Niger Delta Petroleum capacity to meet very stringent requirements. Resources and Midis Energy Services Limited.

In the past, for instance, NLNG worked with Dorman Long Nigeria Limited RESEARCH AND DEVELOPMENT and Nigerdock Nigeria PLC to enhance their galvanizing capability, with Through its University Support Programme (USP), Nigeria LNG Limited spent Nexans Kabelmetal to increase manufacturing capacity and with Nigerian about $12 million (USD) on six universities to build modern engineering Foundries to improve their processes for the manufacture of trench gratings laboratories and procure cutting edge engineering equipment for them. and manhole covers. Also see page 92 for more. In recent times, Metec West Africa and Nexans Kabelmetal, through NLNG's Nigerian Content initiatives, have undergone inspection and international NIGERIAN CONTENT ACHIEVEMENTS BY NLNG'S CONTRACTORS: class certication for the manufacture and supply of sacricial anodes and low General Electric Contract Services Agreement (GE-CSA) and Nigerianization voltage (LV) cables respectively to meet the requirements of marine NLNG has a long term service agreement with the gas turbine manufacturer, applications in ship building. GE, for services and the supply of parts necessary to perform planned

69 turnaround maintenance works on NLNG's gas turbines which p l a y a m a j o r r o l e i n t h e company's business operations. NLNG has about 22 gas turbines in its facility. Over the years the contractor has been able to achieve Nigerianization for 10 out of the 11 positions in NLNG GE-CSA team. The contractor has also been able to achieve 95 to 98% Nigerianization for the manpower used in the outages in 2017, and 98% Nigerianization for the manpower used in the Inlet Guide Vane (IGV) relocation and Parts Improvement Programme (PIP) installation/upgrade. Furthermore, GE has been able to train the rst Nigerian Bucket technicians and Shim Pinning engineers for maintenance of turbines in this specialty eld.

Invensys and Computer- Based Testing Centre The Train 7 Nigerian Content Plan Sign Off ceremony with NCDMB A computer based testing centre was delivered in Bonny by hitherto faced difculties in commuting to Port Harcourt and other locations Invensys, a Nigerian company, as part of the Nigerian Content deliverables in through the local boats to write JAMB exams, journeys that have sometimes its contract. The centre will ensure that youth from Bonny Island who had resulted in fatalities through boat mishaps, will be spared the stress henceforth.

70 Aina Tugbogbo

Celebrating a successful NLNG Contractor CEOs HSE Conference, August 2020, held online as a consequence of Covid-19 pandemic.

71

Increased Management Commitment and Visibility HEALTH, SAFETY AND The practice of demonstrating management commitment and visibility ENVIRONMENT (HSE) continued in 2019. To increase visible and felt leadership across our worksite, Extended Management Team (EMT) members were added to the Senior In 2019, Nigeria LNG took some key steps to improve HSE performance Management Team to carry out this exercise. 111 EMT Engagements were across the company. This was borne out of our practice of continuous achieved in 2019. improvement as a sustainable way to achieve and maintain top quartile performance in any sphere. COMPARISON OF INCREASE IN PREVENTATIVE REPORTING

Zero Means Zero Year 2016 2017 2018 2019 In demonstrating and strengthening our core values, we kick-started No 30,629 40,158 64,585 65,322 the year with a resounding campaign on Zero Means Zero. This was driven using initiatives such as Family Size Units, Quiz and Sele Competition, and Engagement with the Spouses. Other major activities toward achieving Zero Means Zero include 2019 HSE Day, NLNG LEADERSHIP VISIBILITY CHART 2016 2017 2018 2019 ISO 14001: 2015 certication, Increased Management Commitment and Visibility, and NLNG and Contractor CEO Safety Leadership Conference. These are discussed in the succeeding pages.

Family Size Units Under this initiative, everyone in the company belonged to a small size unit of 25 people with a common goal of looking out for one another like a typical family. Awards were won by different families.

Engagement with the Spouses Over 75 persons were in attendance. The Managing Director, Tony Attah, the Deputy Managing Director, Saideeq Mai-Bornu and the General Manager, Human Resources shared personal experiences of incidents that happened to close relations. 2016 2017 2018 2019

72 HSE Day acquire ISO 50001:2011 Standard certication. 2019 HSE Day was another phenomenal activity that provided opportunity for contractors' CEOs to re-emphasize their commitment to HSE. There were 2019 NLNG and Contractor CEO Safety Leadership Conference exhibitions showcasing the different scenarios on risk normalization, dilemma We also held a very impactful 3rd Edition of the NLNG and Contractor CEO and care which gave everyone an opportunity to interact on the theme of the Safety Leadership Conference in Port Harcourt on Thursday 18th July 2019 day. This helped to raise awareness. with the theme "Incident and Injury Free Company". The key highlights of the event include: ISO 14001: 2015 certication l Panel discussions on Safety Leadership involving NLNG Leadership and Following the successful transition to ISO 14001:2015 Standard in September Contractors' CEOs 2018, we continued to maintain our certication with successful surveillance l Progress on the 2018 Charter/Commitments — Success Story by SGS in July 2019. l Presentation of awards to Contractor CEOs who have demonstrated exemplary behaviour towards achieving Goal Zero. The company went ahead to demonstrate its sustainable development There were over 200 Contractors' CEOs in attendance and they all committed capability by being First Shell-advised Integrated Gas/LNG site to successfully to continue to demonstrate Safety Leadership in their organizations and build

NLNG Contractor CEOs Safety Leadership Conference 2019, Port Harcourt

73 an incident- and injury-free company. was celebrated with a two-day programme. Over 2400 guests graced the occasion over the 2-day period. The event was used to showcase NLNG's THE ENVIRONMENT commitment and contribution to the local, national and global conservation NLNG is committed to ensuring that our environment is protected and objectives consistent with the Project's Environmental Impact Assessment (EIA) preserved for future generations. This necessitates that we undertake some requirements and relevant Bio-diversity Convention. activities on a regular basis. These include: The highpoints of the event included the unveiling of The Hippopotamus — a Biodiversity Surveys and Monitoring sculptural symbolic representation of the community's rich fauna and heritage Regular biodiversity surveys and biological monitoring is done monthly to — planting of trees within the Park, and presentation of Finima Nature Park observe the state of ora and fauna that live on the island. Diverse species of recognition certicate by the Permanent Secretary represented by the Director plants and animals are normally sighted during these surveys. of Tourism, River State Ministry of Culture and Tourism, Mr. Freddy Ndigbara.

In 2019, NLNG celebrated the 20th Anniversary of Finima Nature Park and it Discharges to Water Key environmental indicators are regularly monitored to ensure compliance with permit conditions and applicable regulatory limits as it pertains to efuent discharge, with the results submitted to both NLNG Management and regulators at stipulated intervals. To ensure compliance with regulatory requirements and its own HSE policy, NLNG has adopted the principle of minimisation through abatement at source for aqueous efuents which have the potential of causing negative impact on the receiving environment.

Sewage Treatment and Disposal NLNG in 2018 contracted a consultant to build a new and bigger Efuent Treatment Plant (ETP). Sewage and Efuent from both The Industrial Area and Residential Area are treated in this facility prior to discharge into the recipient water body.

Solid Waste Management NLNG receives certicate of recognition of Finima NLNG's waste management strategy complies with the concepts of 'waste Nature Park from Rivers State Ministry of Tourism management hierarchy' and 'duty of care' for both on-site and off-site waste

74 Hazardous Waste NLNG is committed to its policy of no harm to people and the environment and the promotion of sustainable development. The company therefore ensures the proper management of its hazardous waste using the best practical environmental options after approvals from the federal and state ministries of environment. Other waste management initiatives currently pursued by NLNG particularly for hazardous waste include the use of buyback and recovery schemes with original manufacturers.

Emissions to Air For emissions to air, the principle adopted is minimisation through abatement at source. Dispersion modelling was employed in initial environmental investigations to predict possible areas of deposition of treatment and disposal activities. The principle adopted for solid waste is pollutant species for regulated parameters that could potentially be generated 'Cradle to Grave', which is essentially the proper and controlled handling, from NLNG's operations. For us to monitor our operational foot print, there is treatment and disposal of solid waste, underpinned by the 4R philosophy of continuous ambient air quality monitoring, while stack emissions monitoring Reduce, Reuse, Recycle and Recover. 'Duty of care' audits are regularly carried are routinely carried out at identied areas within the plant fence and out with federal and state government regulators. surrounding communities to ensure that air quality at the workplace and in the nearby settlements do not exceed regulatory tolerance limits for ambient air Non-Hazardous Waste pollutants. NLNG is also committed to addressing climate change challenges The incineration of combustible waste is carried out within NLNG's facility, as through the implementation of its Green House Gas (GHG) and Energy the fragile nature of Bonny Island does not allow for the creation of a landll Management Plan. site. Non-hazardous solid wastes are temporarily stored on the plant site before being transported to treatment and/or disposal facilities off the Island. These facilities are duly accredited by the Federal Ministry of Environment and/or environmental sanitation authorities.

75 Already, the reserve is home to some species of high conservation BIODIVERSITY AND NATURE value, a variety of mammals, bird species and reptiles. There have been CONSERVATION: FINIMA reported sightings of The African Fish Eagle — Haliaeetus vocifer. Troops of the Monamonkey — Cercopithecus mona — and ocks of the White-face NATURE PARK Whistling duck — Dendrocygnaviduata — are commonly sighted and are the park's most predominant species. In 2019, Finima Nature Park celebrated 20 years of existence, as NLNG celebrated 20 years of uninterrupted production and 30 years of In addition, Finima Nature Park is home to a number of species classied by incorporation. The site of the nature park is a pristine natural habitat of International Union for Conservation of Nature (IUCN) such as the African interesting ora and fauna prevalent on Bonny Island, some endemic only to Grey Parrot — Psittacus erithacus. There is steady growth in the population of Bonny Island. It recognises the community’s commitment to keeping a indigenous species in the park as a result of measures put in place by NLNG permanent record of their natural heritage and culture. It is also part of which include discouraging hunting and encouraging rescue of captured NLNG's contribution to national and global conservation, in line with Rio animals and preservation of natural habitat. This is evident in the more Agenda 21, , and Convention on Biological Diversity. It frequent sightings of Osteolaemustetraspis, the dwarf . also serves as a eld laboratory for researchers and a vehicle for environmental education. Research so far conducted in the park are in the Finima Nature Park is patrolled by park rangers who prevent encroachment, following areas: Environment, mammals and wildlife, herpetology, monitor movement of animals, rescue animals and provide guided tours vegetation and carbon stock assessment. within the park and adjoining areas. The Park creates an enabling environment for a number of other species to cohabit and procreate; this is The park measures approximately 1000 hectares and is presently being evident from increase in number of the Mona monkey — Cercopithecus managed by an NGO, the Nigerian Conservation Foundation (NCF). mona. However, in the future, the management of the park will be overseen by a Board of Trustees drawn from the host community and other relevant The company partners with community-based organisations such as the stakeholders, thereby encouraging community buy-in and sustainability of the Bonny Environmental Consultants' Committee (BECC) and Nigerian initiative. Conservation Foundation (NCF) in outreach programmes to schools, organisations and settlements within Bonny Kingdom establishing The reserve area covers the rain forests and swamps, as well as an conservation clubs in primary and post primary schools and entrenching a ecologically important area of sandy soil with freshwater ponds and tall timber culture of conservation. between the swamps and the beach.

76 The pristine Finima Nature Park

77 Finima Nature Park Major Milestones

Helps offset NLNG's Has served as a natural Has established Has sustained a carbon footprint across barrier protecting about conservation clubs in 45 mangrove reforestation its operations to about 250,000 people in Finima schools with membership effort with about 247,158.78 Mega and Bonny against ooding base of over 2,000 pupils. 3,000 seedlings planted Tonnes of carbon dioxide damage from ocean surge. across the park-ocean (CO2). boundary as natural barrier.

Hosts about 20,000 visitors annually, comprising of local and international Institutionalised as a recognised Hosts congregation of migratory tourists, primary, secondary and tertiary Ramsar Site of international waterbirds annually. school students, families, researchers, importance; listing as River State etc, and this boosts ecotourism in Tourism Site is ongoing. Nigeria.

The Connection On August 21, 2019 , Finima Nature Park was designated an internationally acclaimed centre for Education and therefore a member of Wetlands Link International. This makes it one of the 350 Wetland Centres in the six continents of the world and the second in Nigeria to became a member of Wetlands Link.

78 to the forefront of delivering initiatives to help ght the outbreak and to SOCIAL PERFORMANCE manage any eventual spread of the virus.

Nigeria LNG Limited's approach to corporate social responsibility is anchored Consequently, Nigeria LNG Limited (NLNG) donated a 24-bed Holding on sustainability, stakeholding and partnership. NLNG is guided in this by its Centre to Bonny Zonal Hospital plus medical equipment and PPEs worth USD1 conviction based on sound business principles that businesses must strive to be million to strengthen the hospital’s ability to manage the virus in case of an a force for good within society. outbreak in Bonny and environs.

NLNG therefore strategically conceives and implements projects at both Among the items donated by NLNG for use on Bonny Island include 6,000 national and local levels that will positively impact the lives of citizens. For one-t N95 health care particulate respirators, 25,000 surgical masks, example, in its host communities, NLNG supports the improvement of 50,000 nitrile gloves, 12,500 hooded coveralls with boots, 70 respirators, 5 infrastructure, health and educational facilities and encourages local suction machines, 10 drip stands, 6 oxygen concentrators, 10 pin index enterprise, facilitating knowhow and building capacity in the sustainable use of resources.

The following pages present some of these Social Performance initiatives.

Covid-19 Interventions At the onset of the Covid-19 pandemic in the country, Nigeria LNG triggered critical mitigation measures in all company locations and the Residential Area on Bonny. NLNG also promptly established engagements with relevant Rivers State and Bonny Local Government authorities to identify urgent intervention programmes to protect its host communities and the state from the threat of the virus. NLNG’s GM External Relations, Eyono Fatai-Williams, and Community Relations Manager, Godson Dienye, presenting Covid-19 donations to government

The outcome of these engagements brought NLNG

79 oxygen cylinders, 11 split air conditioners for wards and consulting rooms, technology, dual channel IBP, EtCO2 (side stream) – PHASEIN, thermal array wall mounted hand sanitizers, 10 patient monitors and sundry furniture items. recorders, wall mount for truscope series, volumetric infusion pumps, boxes of infusomat space line standard, infusion syringe pumps, boxes of perfusor The handover of the Holding Centre came on the heels of the donation of lines, perfusor syringes (20ml and 50ml) and docking stations for pumps. vehicles, medical equipment and PPEs worth USD500,000 for management of Covid-19 to Rivers State Government during which time NLNG also Also donated by the company are Fred PA- I, suctioning machines, bedside pledged an intervention at Rivers State University Teaching Hospital worth cabinets, overbed table examination lights, bedhead service systems, cubicle USD1 million. curtains, crash carts, patient trolley-LG20, drug trolleys, clinical waste bins, sharps bins, drip stands, units of DVT prevention system, DVI garments (calf), NLNG has also donated palliatives worth USD250,000 to its over 90 host and chart board trolleys. communities in Rivers State including Bonny and Finima, to alleviate hardship in the midst of restrictions imposed by the government due to Covid-19. NLNG and Shell have jointly donated palliatives worth about USD280,000 to residents of Bonny Island to cushion the effects of the lockdown by the state government.

Besides the donations, NLNG is working with Bonny Local Government Council on enlightenment campaigns and has provided stipends for thermo- scanning volunteers at entry points into the island.

Additionally, as part of support to the Federal Government of Nigeria via the Oil Industry Fund led by the NNPC, Nigeria LNG Limited has donated medical equipment and PPEs worth USD300,000 to Government and same items worth USD150,000 each to Akwa Ibom, Bayelsa and Edo state governments. NLNG has also provided support for the upscaling of specic facilities at Federal Medical Centre, Yola in to a value of NLNG’s GM Corporate Services, Joseph Alagoa, presents Covid-19 USD500,000. donations to Rivers State government

Among the equipment donated to the states are electric 4-section proling hospital beds, alpha active mattresses, portable patient monitors with digital

80 Covid-19 donations to Lagos State government Handover ceremony of Bonny Isolation Centre

Food palliatives to the host communities Food palliatives to the host communities

81 The Nigeria Prizes For Science, Literature and Literary Criticism seek solutions to national problems. With The Nigeria Prize for Literature The Nigeria Prize for Science, The Nigeria Prize for Literature and The Nigeria (worth $100,000 in prize money) and The Nigeria Prize for Literary Criticism, Prize for Literary Criticism, sponsored by Nigeria LNG Limited, aim to bring (worth N1,000,000 in prize money) it is expected that the quest for a Nigerian scientists, authors and literary critics to public attention and celebrate prestigious prize will improve the quality of writing, editing, proof-reading, excellence in scientic breakthroughs and literary accomplishments in Nigeria. and publishing in the country with far-reaching positive effect on print and broadcast journalism. Winners are announced in October, commemorating NLNG believes that The Nigeria Prize for Science (worth $100,000 in prize the rst export of LNG cargo by NLNG on October 9, 1999. money) will provide leaders with answers to crucial issues in development; improve the standards of living and re-energise the scientic community to

Jude Idada, winner, The Nigeria Prize for Literature 2019; Sola Alamutu, ED of Children and the Environment; Sophia Horsfall, Manager, Corporate Communication at NLNG with children and other guests at CORA-organised reading session for Jude Idada

82 2008 “Solution to Road Dr. Prose Yellow Yellow Kaine Agary THE PRIZES AT A GLANCE Pavement Ebenezer Destabilisation by Meshida YEAR SCIENCE LITERATURE the Invention of Winning Entries Scientists Genre Winning Authors ‘Lateralite’: A Entries Stabilisation Flux for Fine Grained 2004 “Real-Time Professor Prose No Winner No Winner Lateritic Soils” Computer Assisted Akpoveta Leak Susu 2009 “Discovery of the Professor Poetry No Winner No Winner Detection/Location gene responsible Andrew Reporting and Dr. Kingsley for the creation of Nok Inventory Loss Abhulimen Sialidase (SD), an Monitoring enzyme which System” causes sleeping sickness 2005 No Winner No Winner Poetry Chants of a Professor (Trypanosomiasis)” Minstrel Ezenwa Ohaeto 2010 “Development of a Professor Drama Cemetery Dr. Esiaba Irobi The New Method in Akaehomen Road Dreamer: His Dr. Gabriel Die Design” Ibhadode Vision Okara 2011 No Winner No Winner Children’s The Missing Mai Nasara 2006 “ Wound Healing Professor Drama Hard Ground Dr. Ahmed Literature Clock (Mr. Adeleke Devices Michael Yerima Adeyemi) (Formulations) Adikwu Containing Snail 2012 No Winner No Winner Prose On Black Dr. Chika Mucin” Sisters’ Street Unigwe 2013 No Competition No Poetry The Sahara Tade Ipadeola 2007 No Winner No Winner Children’s My Cousin Professor Literature Sammy Akachi Competition Testaments Adimora- 2014 No Competition No Drama Iredi War Prof. Sam Readers’ Ezeigbo Competition Ukala Theatre: Twelve Plays Mabel 2015 No Competition No Children’s No Winner No Winner for Young Segun Competition Literature People 2016 None Extended to Prose Season of Abubakar 2017 Crimson Adam Ibrahim Blossoms

83 2017 “Improving Home Ikeoluwapo Poetry The Heresiad Ikeogu Oke 2019 “Carbon capture, Meihong Children’s Boom Boom Jude Idada and Community Ajayi carbon utilisation, Wang Literature Management of biomass Malaria: Providing Ayodele gasication Matthew the Evidence Base” Jegede and energy storage Aneke for power Bidemi generation” Yusuf

“Multifaceted THE PRIZE FOR LITERARY CRITICISM Efforts at Malaria Control in Olugbenga Year Winning Entry Writer/Critic

Research: Mokuolu Management of 2014 Colonial Mimicry and Postcolonial Re-membering in Isidore Prof. Isidore Okpewho’s Call Me by My Rightful Name Diala Malaria of Various Grades and 2015 None No Winner Mapping

Artemisinin 2016 None No Winner Resistance” 2017 None No Winner “Novel lipid Chukwuma 2018 Bayonets and Carnage of Tongues: The Contemporary Prof. Isidore microparticles for Agubata Nigerian Poet Speaking Truth to Power Diala effective delivery of 2019 A. A. Abbah Artemether Reinventing the Primordial: Human Blood Ritual and the antimalarial drug Lure of Power in Isiaba Irobi’s Nwokedi using a locally- sourced Irvingia fat from nuts of Irvingia 2018 “Nanostructured Peter Drama Embers Soji Cole Metal Hydrides for Ngene the Storage of Electrical Power from Renewable Energy Sources and for Explosion Prevention in High Voltage Power Nobel Laureate Wole Soyinka; Jude Idada, 2019 Nigeria literature prize winner; and NLNG Transformers” ofcials at a book reading for Idada

84 SOME KEY TRAIN 7 COMMUNITY INITIATIVES AT A GLANCE

1 2 3 Bonny Community Radio Bonny: Bonny Health Insurance Contract awarded, Consulate Building: Programme: preliminary works in Groundbreaking 1390 currently progress. achieved enrolled

4 5 Malaria Eradication: Bonny Tourism Baseline Assessment Initiative: Completed (Health Feasibility studies System Assessment, completed. Community-Based Engagement ongoing Provider Assessment & to commence Bonny Malaria eco-tourism Indicator Survey)

85 MOU with Bonny Kingdom conference, concrete steps were taken to give effect to the resolutions adopted In 1998, the Joint Industry Companies (JIC), made up of NLNG, Shell at the conference. Petroleum Development Company Limited (SPDC) and Exxon Mobil, signed an MOU with Bonny Kingdom. This MOU provided a framework which A major step in this regard is the signing of a new MOU between Bonny enabled the JIC to pool resources and provide the kingdom with Bonny Master Kingdom and NLNG/SPDC on 3rd October, 2015. This MOU sets out the Plan, the 1.5km by-pass road, the 1.2km access road, uninterrupted basis for community-led development under the auspices of a proposed Bonny electricity and potable water supply managed through a special purpose Kingdom Development Foundation and the transfer/handover of the following vehicle called Bonny Utility Company (BUC). Over the years, more than $182m has been spent by the JIC in delivering development projects on the Island.

In spite of this, there were still agitations for economic empowerment, employment and infrastructural development in the area. It also became apparent that there was wholesome reliance on the JIC for economic development of the Kingdom.

This became the basis for the Pan Bonny Sustainable Development Conference which was convened on the 25th of May 2013 by His Majesty, King Edward Asimini William Dappa Pepple III, Perekule XI, Amanyanabo of Grand Bonny Kingdom, in conjunction with Bonny Chiefs' Council, and with the active support of the Joint Industry Companies (JIC) led by Nigeria LNG Limited to determine the future of development on Eyono Fatayi-Williams, GM External Relations at NLNG, presents certicate of completion Bonny Island. In the aftermath of the to a participant in the Youth Empowerment Scheme

86 initiatives — Bonny Utility Company, Ibanise Initiative and Bonny Vocational This initiative has, since its inception, provided Bonny Island with over 98 Centre — to Bonny Kingdom. Furthermore, the proposed Bonny Kingdom percent uninterrupted power supply. The benets have been tremendous. Development Foundation is expected to forge new partnerships and secure These include: funding aside from the annual contributions to be provided by NLNG and l Increased pace of development, with total electricity consumption for 2018 SPDC, to drive the development of the kingdom as well as open up the space standing at 120,408 MWh. for other local and international donors, development partners and investors l Creation of full-time and part-time jobs for the local community. to key into Bonny's development potentials. l Years of uninterrupted operation for the Island's major industries. l Better performance of public services; thriving businesses with machinery Accenture, a consulting rm, was engaged to set up this Foundation, draw and equipment utilized at optimum capacity while residential users up a governance framework, design systems and procedures to guide the experience higher comfort levels. operations of the Foundation, handhold the community and grow her capacity l Environmentally friendly operations through the elimination of noisy and in order to embed business and scal discipline in the operations of the polluting generator sets. Foundation. l Safe and secure environment at night due to presence of functional street lighting. It is expected that the full take-off of the Foundation and implementation of the master plan will herald tremendous development in Bonny Kingdom. BUC also handles the operation, maintenance and management of water facilities on Bonny Island. The sustainable water development interventions Bonny Utility Company (BUC) provided by NLNG and its JIC partners include the multi-billion Naira drinking Bonny Utility Company manages the provision of utilities — power and water water infrastructure in the community which includes ve water treatment — on Bonny Island. This is one of the initiatives handed over to Bonny Kingdom plants with production capacity of 11.4 million Litres/day distributed through a under the new MOU. reticulated water system with availability of greater than 97% and a test lab to monitor daily the quality of water produced and distributed. Over 1,200 direct For power supply, BUC currently serves 15,236 households, essentially connections to houses and 300 water fetching kiosks at different locations in covering the entire island via its power distribution network. It offers customers Bonny and Finima for public use. a progressive tariff schedule, i.e., free basic allowance followed by increasing subsidized energy charges as a function of consumption. As a result, customers — who range from low-income households to larger service sector businesses — receive an indirect subsidy. The utility also uses prepayment metering and adopts a cashless transaction mechanism in its revenue collection.

87 A part of the NGN120 billion Bonny Bodo Road

88 INFRASTRUCTURE DEVELOPMENT These are in addition to renovation of schools and town halls and sinking of water boreholes. Bonny Bodo Road In a tripartite agreement between the Federal Government of Nigeria, Nigeria Examples of some of the projects successfully executed in our host and pipeline LNG and Julius Berger Nigeria (Contractor), the decades-long abandoned communities are: N120bn Bonny Bodo Road was rejuvenated. NLNG has committed to l Omokwa - Town Hall project providing 50% (60bn) with the balance contributed by the Federal Government. Tagged the biggest CSR initiative by a private company in Nigeria, the 34km road passing through Bodo, Afa, and Nanabie to Bonny is expected to contribute signicantly to the long-term goals of the Federal Government with respect to the development of the Niger Delta region. In addition, the Bonny Bodo road is expected to open up immense opportunities for rapid socio- economic development of the area and impact on the lives of millions of Nigerians, particularly those from such Niger Delta communities as Bonny, Ogoni, , Eleme and .

OTHER PROJECTS

Nigeria LNG Limited has constructed ultramodern health centres, provided hospital equipment, and, in some cases, also installed electricity transformers. It has built several kilometres of roads and many schools in several communities in Rivers State and promoted social NLNG ofcials and YES 2019 graduates in a group photograph interaction among communities.

89 l Rumuji - 2.7km road project l Ebogoro - Community Health Centre staff quarters l Ogbunabali - Upgrade of Health Centre l Bakana - Installation of three (500 KVA) transformers and building of l Anwunugbokor - Complete fencing and installation of water borehole in generator houses the community school l Ogbo - Science laboratory at Community Secondary School l Amadi-Ama - Health Centre upgrade and construction of doctors and l Ubeta - Construction of Ubeta Roads and storm drainage system nurses quarters l Ubeta - Science laboratory at Community Secondary School l Peterside - Community Health Centre l Odiemerenyi - External fencing off of four borrow pits l Abalamabie - Town Hall l Finima - Finima Women Association Bakery l Finima - Finima Health Centre upgrade project (construction of 10 bed ward and nurses quarters) l Bonny - Construction of Bonny General Hospital Ultramodern Mortuary l Bonny - Water reticulation project l Bonny - Renovation of Bonny General Hospital Accident and Emergency Ward l Amadi-Ama - Construction of science laboratory building for CSS Amadi-Ama l Okrika - Construction of Ogoloma/Ogbogbo Health Centre and staff quarters l Okposi - Community Health Centre staff quarters l Ubio - Community Health Centre staff quarters l Ekpena and Ohali-Usomini - Model primary school project l - Cold room l Peterside - Electrication project NLNG Youth Empowerment (YES) Orientation Ceremony 2019

90 Education

NLNG Post Primary Scholarship 342 beneciaries N825.3m ($2.697m) expended to date

NLNG Undergraduate Scholarship 3,416 beneciaries N768.9m ($2.513m) expended to date

NLNG Overseas Post Graduate Scholarship 78 beneciaries N1.308b ($4.27m) expended to date

91 EDUCATION award value is N150, 000 per annum for the duration of the course. The scheme was reviewed from 150 beneciaries to 300 starting from the Scholarship 2018/2019 academic year. Nigeria LNG remains focused on education and human capital development as areas of special signicance, because these two areas are intrinsic and NLNG Overseas Post Graduate Scholarship fundamental to national development. This scheme was launched in October 2012 with an annual intake of 15 beneciaries to study in leading UK universities. The value of the scholarship is Therefore, to encourage academic excellence and support human capital USD67,500 per awardee per programme. Actual spend per awardee however development in Nigeria, NLNG has three main levels of scholarship schemes: ranges from USD45,000 to USD67,500, depending on the course of study. Post Primary, Under-Graduate and Post Graduate. The scheme covers these areas of study: Environmental Studies, Engineering, Management, Accountancy, Economics, Information Technology, Geology, NLNG Post Primary Scholarship Banking, Law and Medicine. The scheme aims at assisting high performing basic six pupils in company's host communities to access post primary education. The scheme kicked off in The 2019 awardees have commenced their programmes in various UK 2012 with 28 beneciaries and, by 2019, has grown to a total of 342 universities. 78 persons have so far beneted from the scheme with a total beneciaries with a total sum of N825,300,000 ($2.697m) expended to date. expenditure of N1.308b ($4.27m). Prospective pupils are admitted to the scheme through application on company's website based on advertised criteria. A selection test is then NLNG Internally Displaced Persons (IDP) Scholarship conducted to place the best top candidates onto the scheme. The security situation in North Eastern Nigeria has unfortunately created a large population of vulnerable persons. This scheme was instituted to NLNG Undergraduate Scholarship complement Federal Government's effort in rebuilding Nigeria's North- This was founded as a critical component of education intervention Eastern region through award of scholarships to 30 candidates (10 from each programme for our host communities in 1998 and was later opened up to the of the IDP camps in the three states worse hit by insurgency — Adamawa, rest of Nigeria in 2003. Borno and Yobe). This award is for sponsorship of students in secondary education. A total of 3,416 undergraduates from various universities in Nigeria have beneted from it. N768.9m ($2.5130m) million has been invested on the University Support Programme scheme. The introduction of online application and use of social media The University Support Programme, launched in 2014, is part of NLNG's (Facebook) for information dissemination in 2012 made the selection process commitment to develop education and complement government and more efcient and cost effective, and increased awareness. The scholarship stakeholders' efforts. NLNG spent about USD12 million (amounting to USD2

92 million per university) to build modern engineering laboratories and procure These support items are usually presented at an annual interactive session and engineering equipment to aid teaching and research in six universities across provided to dissuade the sherfolks from carrying out their shing activities Nigeria's six geopolitical zones. The project began in October 2014 and was near the exclusion zone/vessel access path. The sessions are also used to completed in 2016. educate the sherfolks on safe and acceptable shing habits, as prescribed in the ESHMP. Bonny Vocational Centre (BVC) In furtherance of its policy of self-sustainable economic development within its It is instructive to note that the support provided and the engagements held with host communities and in line with specic understandings and agreements the Bonny sherfolks have over the years created a healthy and mutually with the Bonny Kingdom, Nigeria LNG Limited established the Bonny benecial relationship and ensured adherence to the instructions regarding Vocational Centre. the exclusion zone thereby granting unfettered access for vessel operations. Our vessels are consequently able to achieve a faster berthing turnaround time BVC is an innovation and vocational enterprise institution approved and and, by extension, a more efcient cargo loading lead time. accredited by relevant agencies and awarding bodies such as the Rivers State Ministry of Education, National Board for Technical Education (NBTE), Youth Empowerment Scheme (YES) National Business and Technical Examination Board (NABTEB), City and NLNG Youth Empowerment Scheme was launched in 2004 as a sustainable Guilds of London Institute, and the Institute of Leadership and Management development initiative aimed at youths (18-35 years old) within NLNG's host London. communities. YES is designed to make the participating youths economically and socially responsible and self-reliant through guided technical and Since inception, the Centre has trained 2102 beneciaries in different managerial training. vocational trades and levels. Six hundred and ninety-four of these have successfully completed and graduated with the Level 3 IVQ Advanced Diploma Since inception, over 1000 youths from various host communities have of the City & Guilds of London Institute. More than 91% of the graduates are participated in the scheme and have been supported in vocational modules currently either in employment, work placement or further education. like catering and hotel management, hairdressing and cosmetology, fashion and design, photography and video production, woodwork and furniture ECONOMIC EMPOWERMENT making, and welding and fabrication. As part of our CSR, company annually provide support materials and palliatives to shermen from the various shing communities across Bonny Focus is now on ensuring nancial independence or self-sustenance of the kingdom as way to encourage them to do their shing activities in a sustainable youths after training. In 2019, our sustainable implementation of this manner. programme and its consistent approach at reducing poverty led to our winning SERAS 2019 Africa Corporate Social Responsibility award as The Best

93 Company in Poverty Alleviation. Right of Way Maintenance Contract NLNG recognises the Nigerian cultural attachment to land and the obvious The 2019 set of 89 persons successfully completed their training with a fact that no legislation, no matter how well intended, captures all the graduation ceremony that held on Tuesday November 5, 2019. expectations of the people. It is in this regard that it adopted a systematic approach in its pipeline communities which seeks to promote a sense of Nigeria LNG Agro-Enterprise Development Action (NAGENDA) ownership or identication. The Nigeria LNG Agro-Enterprise Development Action was designed to enhance the revenue earning potential of rural entrepreneurs through the This was done through the award of Gas Transmission System (GTS) Right of provision of value added agricultural and non-agricultural services like Way (ROW) surveillance and maintenance contracts. capacity building in farm management techniques, exposure to improved varieties and crops, eld trips and linkage to farming institutes. Support packs Holders of GTS ROW surveillance and maintenance contracts, which rotate in the form of enhanced seedlings or stems, herbicides, and fertilizer products among the land-owning families only, employ family members to execute jobs are periodically distributed to participating farmers. which cover pipeline Right of Way surveillance and inspection and asset maintenance including painting of signposts and markers and grass cutting Since inception, emphasis has shifted to commercial farming plus linking among others. farmers to viable markets for their products. Development agencies like International Fund for Agricultural Development (IFAD), Market Development To encourage the ROW contractors and recognise outstanding ones, awards in Niger Delta (MADE), Amo Farms, Rivers State Sustainable Development are given to the Best HSE Compliant Contractor, and for timely submission of Agency (RSSDA) and Partnership in Niger Delta Development (PIND), among reports, among others. others, as well as facilitators like International Institute for Tropical Agriculture (IITA) and Nigeria Agricultural Insurance Corporation (NAIC) work as partners HEALTH and coordinators to help the farmers effectively transition to commercial farming. Bonny Malaria Elimination Programme (BNYMEP) Through the Bonny Malaria Elimination Project (BNYMEP) NLNG will establish Following the shift in emphasis, commercial and contract farming in cassava, a strong system for malaria elimination/prevention of re-introduction of the piggery, poultry among others kicked off in 2016 in Ekpeye, Kalabari, Ogba, parasite by 2021. This will make Bonny Island Nigeria's rst malaria-free zone. Okrika, Amadi-Ama and Ogbunabali, Abua, and Bonny kingdom. This practice continues in 2020. The project has to date embarked on a detailed baseline assessment that includes an assessment of the available health systems/structures on the island to determine the systems' capacity to implement and sustain malaria

94 elimination initiatives. We have also conducted a comprehensive Malaria Indicator Survey on Bonny. This is the rst sub-national indicator survey to establish the true prevalence of malaria in Bonny, for tracking project progress and evaluation.

Over the next few years, NLNG aspires to work with Rivers State Malaria Elimination Programme, potential global partners and state health facility board to support core malaria interventions, such as vector control, case management, monitoring, evaluation and surveillance during the project implementation phases. The project shall at all times be strategically aligned with the global strategic direction for malaria elimination and relevant national policies and guidelines.

Bonny Malaria Elimination Project ts into the larger public health initiatives for Bonny Island being sponsored by NLNG which includes Bonny Community Health Insurance Programme that commenced in 2019. Eyono Fatayi-William, GM External Relations, NLNG, giving the opening remarks at the inauguration of the Governing Board for Bonny Community Health Insurance programme Bonny Community Health Insurance Programme (BCHIP) Hospital) are currently healthcare service providers on the programme. The The Bonny Community Health Insurance Programme is a community-based Scheme has a Governing Board that is representative of the partnership health insurance initiative that is geared towards providing access to between NLNG, Bonny Kingdom and Rivers State Government. The board affordable, sustainable, and quality healthcare services without beneciaries provides required governance for the initiative, leveraging on the experiences (i.e. residents of Bonny Island) making out of pocket expenses when accessing of its members. medical care. It is sponsored by Nigeria LNG Limited (NLNG) in partnership with Rivers State Government and Bonny Kingdom. Three health facilities To date, about 1,390 persons have enrolled onto the programme as it (Bonny Model Primary Health Centre, Finima Health Centre and Bonny Zonal continues to full its mandate of Universal Health Care (UHC) for all.

94 95 Youth Empowerment Scheme (YES)

Main Goal To ensure that youths within the host communities are trained and gainfully employed or become employers of labour

YES Commencement YES commenced in 2004 as a sustainable initiative aimed at youths within the host communities

2020 Cycle 89 selected candidates have resumed at the different vocations Monitoring has commenced to ensure that they get the best from each training

Trainings so far 1,104 youths have been trained in vocations such as catering and hotel management , hairdressing , costemology , fashion and design , photography and video production , woodwork and furniture making , welding and fabrication, automotive and farm management

Cost so far N707.6m ($2.312m) expended till date

96 COMMUNITY INTEGRATION The tournament which was relaunched in 2019 and christened after the Amanyanabo witnessed at different stages the presence of the Amanyanabo, Amanyanabo Football Tournament NLNG's Management Team, dignitaries and international scouts that assessed NLNG sponsored the Amanyanabo Football Tournament to promote unity in local talents for international opportunities. NLNG is proud of the success of Bonny Kingdom and contribute to youth development by, among other things, the 2019 edition and has committed to sponsoring the event over the next two empowering them to become professional football players so that they can years. earn a living therefrom.

NLNG ofcials and the Amanyanabo of Bonny Kingdom (2nd right) celebrating with Beautiful Strikers of Finima Football Club, winners of the maiden Amanyanabo Football Tournament sponsored by NLNG

97 TOURISM run , and will be under the supervision of a Board of Trustees that will be set up to ensure it is run on sound business principles and to exacting standards of excellence. Bonny Consulate Building: Transforming the present from the past

Through its Bonny-Dubai Vision , NLNG seeks to make Bonny a major investment destination , diversify the kingdom's economy from reliance on the oil and gas industry to other areas such as tourism. A major aspect of this initiative is the reconstruction of the old Bonny Consulate Building.

The choice of the Consulate Building is not by accident. In 1897 , a consulate was built on Bonny Island by the British colonial administration from where they administered and managed their relationship with the outlying colonial areas. The consulate, a colonial style three storey building, housed the district commissioner , a doctor , police officers , and several offices for the Marine Department. The proposed Bonny Consulate Building The new Bonny Consulate Building has Bonny Consulate Building will: been conceived as an iconic structure that will be carefully constructed to replicate Serve as the hub for the tourism l the old Consulate Building with its rich initiative in Bonny Kingdom which is expected to constitute a huge history and significance. It has the revenue earner for the Bonny potential to propel the growth of tourism Kingdom on the island. Indeed , Bonny Consulate Building , which was the centre of l Recreate the old consulate administrative power in the past , is building with its rich history and expected to serve as the hub of the tourism significance not only in Bonny but in Nigeria initiative in the present.

l Serve as a one-stop shop for The Consulate Building , also supported exploring the rich history of Bonny by Julius Berger Nigeria Limited, is Picture of the original Bonny Consulate Building in its ancient glory , taken on Queen Victoria Jubilee Day Kingdom. conceived to be self-sustaining in the long by J. A. Green (1895-1905)

98 ...helping to build a better Nigeria