NLNG, Eni sign Sale and Purchase Agreement
Abuja – The Nigeria Liquified Natural Gas Limited (NLNG) says it has signed a LNG Sale and Purchase Agreement (SPA) with ENI for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.
NLNG disclosed this in a statement signed by Eyono Fatayi-Williams, its General Manager, External Relations, in Abuja, on Monday.
It said that the agreement was for the supply of 1.5mtpa for a 10 year term on a Delivered Ex-ship (DES) and Free on Board (FOB) basis.
According to NLNG, the agreement signifies customers’ confidence in NLNG as a trusted, safe and reliable LNG supplier in the world.
It further added that it was primed for taking up a position in the ranks of top LNG companies with plans to grow its market share.
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“The SPA with Eni advances the ongoing plans by NLNG to remarket volumes from the three trains,” it added.
NLNG is an incorporated Joint-Venture owned by four stakeholders: Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation; Shell Gas B.V.; Total Gaz Electricite Holdings France; and Eni International N.A. N. V. S.àr.l .( NAN)
