LNG

Eni CEO Claudio Descalzi and the Nigerian President Bola Ahmed Tinubu have ended a long-running dispute over OPL 245, one of Nigeria's biggest deepwater oil and associated gas reserves, unlocking feedgas for the Nigeria LNG project as the  Train 7 expansion nears completion.

TotalEnergies EP Nigeria has agreed to sell its 10 percent stake in Renaissance JV licenses to Vaaris Marine but retains its economic ties to blocks supplying feedgas to Nigeria LNG export terminal. The move signals majors are still committed to Nigerian LNG cash flows.