NLNG, Total’s UK Subsidiary Sign Deal For NLNG Trains
Nigeria LNG Limited and Total Gas & Power have signed a sale and purchase agreement for some of the remarketed volumes of Liquefied Natural Gas from NLNG’s Trains 1, 2 and 3.
The agreement is for the supply of 1.5 million tonnes per annum for a 10-year term on a delivered ex-ship and free on board basis, according to a statement on Wednesday from the General Manager, External Relations, Eyono Fatayi-Williams.
The Managing Director and Chief Executive Officer, NLNG, Tony Attah, signed on behalf of the company while the Senior Vice President at the LNG, Thomas Maurisse, signed for the TGP.
According to the NLNG, the agreement is in line with the NLNG’s drive to continue to deliver the LNG globally in consolidation of its position as one of the top-ranking LNG suppliers in the world.
“The SPA with the TGP advances the plans by the NLNG to remarket volumes from three trains. The SPA is expected to boost the company’s global presence and market reach, in line with its corporate vision of being a ‘global LNG company, helping to build a better Nigeria’,” the company said.
The NLNG is an incorporated joint venture owned by four shareholders, namely, the Federal Government, represented by the Nigerian National Petroleum Corporation (49 per cent), Shell Gas BV (25.6 per cent), Total Gaz Electricite Holdings France (15 per cent), and Eni International NA NV S.àr.l (10.4 per cent).
Last month, the company announced that it had signed an SPA with Vitol SA for some of the remarketed volumes from its Trains 1, 2 and 3.
It said the agreement was for the supply of 0.5mtpa of the LNG for a 10-year-term on a delivered ex-ship basis commencing from October 2021.
With six trains currently operational, the NLNG is capable of producing 22mtpa of the LNG.
The company took the long-awaited final investment decision on the company’s Train 7 project in December, after over 10 years of delay.