OIL & GAS

NLNG Signs 10-Year Gas Deal With Total

NLNG Signs 10-Year Gas Deal With Total

Nigeria Liquefied Natural Gas has signed a deal with French energy group Total for 1.5 million tonnes of LNG per year, the African producer said.

The agreement is for 10 years, with volumes to be supplied to Total from trains 1, 2 and 3 of the Nigeria LNG plant at Bonny.

The deal is in line with Nigeria LNG’s “drive to continue to deliver LNG globally in consolidation of its position as one of the top-ranking LNG suppliers in the world”, the company said in a statement.

“The deliveries under the agreement will commence October 2021,” said an NLNG spokeswoman.

An company spokeswoman was not immediately available to comment on when the deal would begin.

Nigeria LNG has been remarketing some volumes from its existing trains as some contracts approach expiry.

The company’s contracts with Turkey’s Botas, Portugal’s Galp Energia, Spain’s Naturgy and Total for a total of 2.67 million tonnes a year will expire in 2020 and 2021, according to the International Group of LNG Importers (GIIGNL).

Nigeria LNG is a joint venture between the Nigerian National Petroleum Corporation, Shell, Total and Eni.

mms plus

Copyright MMS Plus. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Kings Communications Limited.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
× Get News Alert