Nigeria: NLNG begins talks with buyers on new gas supply contracts
(Ecofin Agency) - Nigeria LNG (NLNG) has begun discussing with possible buyers on new gas supply contracts from three production units at its liquefied natural gas (LNG) terminal, a senior official from the company has revealed.
According to the anonymous official, contracts for the supply of gas from Trains 1, 2 and 3, which jointly produce 9 million tonnes of LNG a year, are currently being discussed.
“Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to remarket today,” he said. Trains are units that freeze natural gas into liquid form for export on ships.
The anonymous senior official explained that responses from buyers have been positive. “There are some who are guaranteed to buy,” he added giving no further details.
Nigeria LNG Limited is a liquefied natural gas-producing company. The company is a joint venture between the Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, Total and Eni.
NLNG has a liquefied natural gas plant on Bonny Island, Niger Delta. Its Bonny Island LNG plant has six trains with a total capacity of 22 million tonnes annually.