NLNG Signs 10 year Sales Deal With Total

The Nigeria Liquefied Natural Gas Limited (NLNG) and Total Gas & Power have signed a sale and purchase deal to remarket volumes of Liquefied Natural Gas from NLNG’s Trains 1, 2 and 3.

The sales deal which was signed by the Managing director and Chief Executive Officer, NLNG, Tony Attah as well as the Senior Vice President at the LNG, Thomas Maurisse, will last for 10 years and support the supply of 1.5 million tonnes per annum.

According to Attah, the deal will strengthen the position of Nigeria LNG among the top-ranking LNG suppliers in the world.

“The SPA with the TGP advances the plans by the 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’,” the company said.

NLNG which is a company co-owned by the Nigerian National Petroleum Corporation (NNPC) according to reports already has the capability of producing 22mtpa of the LNG as six trains are currently operational.

Recall that the company had in December 2109 taken a long-awaited final investment decision on its Train 7 project after over 10 years of delay.