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20-year Gas Supply Agreement Signed by Nigeria LNG for Train 7

According to Nigeria LNG it had signed a 20-year gas supply agreement with joint venture partners for the long-awaited Train 7 project to expand its liquefied natural gas plant on Bonny Island.

NLNG, which produces liquefied natural gas (LNG) for export, is possessed by state-run Nigerian National Petroleum Corporation (NNPC) and foreign energy firms Royal Dutch Shell, Total and ENI, said it had signed a feed gas agreement for Train 7.
The agreement is one of the important conditions for a final investment decision on Train 7, NLNG said in a statement, adding it needed a confirmed gas supply before building the plant.
NLNG takes care of six LNG processing units, known as trains, on Bonny Island.
Commodities trader Vitol has signed a 10-year deal with NLNG to buy 500,000 tonnes of LNG per year, boosting its long-term existence in the market. 
Source : www.ogafnz.com
Posted On: 12/26/2019 12:00:00 AM

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