Nigeria LNG Limited (NLNG) and Eni have signed an LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.
The agreement is 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 it 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.
NLNG also says the SPA with Eni advances its ongoing plans 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%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V. S.àr.l (10.4%).
