Nigeria LNG Limited (NLNG) and Eni have
signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed
volumes from NLNG’s Trains 1, 2 and 3, reports ITREALMS.
The agreement, according to the General
Manager, External Relations, Eyono Fatayi-Williams, is for the supply of 1.5mtpa
for a 10 year term on a Delivered Ex-ship (DES) and Free on Board (FOB) basis.
The agreement, Fatayi-Williams told ITREALMS,
signified customers’ confidence in NLNG as a trusted, safe and reliable LNG
supplier in the world.
The company added that it is primed for
taking up a position in the ranks of top LNG companies with plans to grow its
market share. The SPA with Eni advances the ongoing plans by NLNG to remarket
volumes from the three trains.
NLNG is an incorporated Joint-Venture owned
by four Shareholders, namely, the Federal Government of Nigeria, represented by
Nigerian National Petroleum Corporation (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings
France (15%), and Eni International N.A. N. V. S.àr.l (10.4 per cent).
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