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Wednesday, January 22, 2020

NLNG enters deal with Total Gas - ITREALMS

The Nigeria LNG Limited (NLNG) has entered deal with the Total Gas & Power (TGP) which sees to the signing of an LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3, reports ITREALMS.

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The agreement is for the supply of 1.5mtpa for a 10 year term on a Delivered Ex-ship and Free on Board (FOB) basis.ITREALMS gathered that the Managing Director and Chief Executive Officer of NLNG, Mr. Tony Attah signed on behalf of the company while Thomas Maurisse, Senior Vice President LNG, signed for TGP.

Also, the General Manager, External Relations at NLNG, Eyono Fatayi-Williams told 
ITREALMS that accordingly the agreement is in line with NLNG’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 SPA with TGP advances the plans by 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”.
ITREALMS recollects that NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V. S.├ár.l (10.4 per cent).

Chuks Egbune/Editor

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Pix: Tony Attah

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