The Nigeria Liquified Natural Gas Limited (NLNG) has signed a sale and purchase agreement (SPA) with Italian multinational oil and gas company, Eni for some remarketed volumes of NLNG’s Trains 1, 2 and 3. The SPA shows that NLNG is deemed a safe and reliable International LNG supplier.
The General Manager, External Relations, Eyoyo Fatayi-Williams in a statement made the disclosure saying the 10-year deal will help the company grow its market share and compete with top LNG companies globally.
Fatayi-Williams added that 1.5 tonnes of LNG would be supplied per annum on a delivered ex-ship and free-on-board basis (FOB) for the duration of the contract.
NLNG is a liquefied natural gas producing company co-owned by the Federal Government, represented by the Nigeria National Petroleum Corporation (NNPC), with a 49 per cent stake while other stakeholders include Shell with a 25.6 per cent stake, While Total holds 15 per cent and Eni 10.4 per cent stake.
In December, NLNG signed a SPA with Vitol for 0.5million tonnes per annum.
(Reuters)
