Nigeria LNG Signs Long-Term Gas Supply Contract with Eni
Nigeria Liquefied Natural Gas Limited (NLNG) and Italy’s Eni have signed a long-term contract for the supply of 1.5 million tons of LNG per year, spanning a ten year period. The LNG volumes will be produced from NLNG’s Trains 1, 2 and 3, located on Nigeria’s bonny Island.
Last year, NLNG sold LNG Turkey’s Botas and Portugal’s Energia from its first LNG trains. Eni also signed up for 1.1 million metric tons per year from NLNG last December, with Vitol also agreeing to a 10-year contract for 0.5 metric tons of LNG per year.
“The deal, together with the one for 1.1 million tons of LNG executed last December between Eni and NLNG, allows Eni to increase its global LNG portfolio starting from 2021 and to support further the development of its presence in the main destination markets worldwide,” Eni said in a statement.
Eni is part of a joint venture where it has a 10.4% stake, with NNPC (49%), Shell (25.6%), Total (15%) and Eni (10.4%), NLNG currently has a production capacity of 22.5 million metric tons per year, but plans to increase it to 30 million metric tons per year, with the addition of a seventh train.