NLNG Negotiates New Gas Contracts

NLNG Negotiates New Gas Contracts

Nigeria LNG (NLNG) started negotiating with potential buyers on new contracts for gas supplies, which are originally from its first three production units at its LNG terminal, Ecofin Agency reported.

An anonymous Senior Official from LNG told Reuters while attending the Gastech trade conference in Chiba, outside Tokyo, “Contracts for gas supplies from Trains 1, 2 and 3, which together produce 9m tons/y of LNG, are being discussed.”

According to him, the company started to remarket Trains 1 and 3, since the two facilities would be out of contract by 2020.

“Initial responses from buyers have been positive, there are some who are guaranteed to buy,” the official added without providing further details.

Nigeria LNG is a venture between state-owned Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, Total and Eni. Its Bonny Island LNG plant on Nigeria’s southern coast holds six trains with a total capacity of 22m tons/y.


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