Nigeria LNG signs 10-year deal

Thursday, 06 February 2020
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Nigeria LNG Limited (NLNG) and Eni have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG's Trains 1, 2 and 3.

The SPA is for the supply of 1.5 mill tonnes per annum for 10 years on a Delivered Ex-ship (DES) and Free on Board (FOB) basis.

This agreement advances the ongoing plans by NLNG to remarket volumes from the three trains, the company said.

NLNG is an incorporated joint venture owned by four shareholders - the Nigerian Government, represented by Nigerian National Petroleum Corp (49%); Shell Gas (25.6%); Total Gaz Electricite Holdings France (15%), and Eni International (10.4%).

This follows the announcement of an SPA with Total Gas & Power (TGP) for remarketed volumes.

This was also for the supply of 1.5 mill tonnes per year for a 10 year term on a Delivered Ex-ship and Free on Board (FOB) basis.   

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