NLNG Signs Sales, Purchase Agreement with TGP
UMORU ABDULKADIR
The Nigeria Liquefied Natural Gas Limited (NLNG) Wednesday disclosed it has signed LNG Sale and Purchase Agreement (SPA) with Total Gas and Power (TGP) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.
This made known to newsmen in a statement signed by the NLNG General Manager, External Relations, Eyono Fatayi-Williams yesterday in Abuja.
Fatayi-Williams noted that the agreement was for the supply of 1.5mtpa for a 10-year term on a Delivered Ex-ship and Free on Board (FOB) basis.
She further disclosed that Tony Attah, Managing Director and Chief Executive Officer of NLNG, signed on behalf of the company while Thomas Maurisse, Senior Vice President LNG, signed for TGP.
According to her, “the agreement was in line with NLNG’s drive to continue to deliver LNG globally in the consolidation of its position as one of the top-ranking LNG suppliers in the world. She added that 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,” she stated.
Founded on May 17, 1989, in Nigeria, NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation; Shell Gas B.V.; Total Gaz Electricite Holdings France; and Eni International
With Bonny Gas Transport as a subsidiary, NLNG Limited is a liquefied natural gas-producing company and a liquefied natural gas plant on Bonny Island, Nigeria.
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