Shell Signs Two 20 Year LNG Contracts In Nigeria

A unit of the oil major Royal Dutch/Shell, Shell Gas and Power, said yesterday that it had signed two twenty year liquified natural gas (LNG) purchase deals in Nigeria, its first long term supply contracts.
The firm said it would buy a total of 3.8 billion cubic metres (bcm) of gas per year from Nigeria Liquidfied Natural Gas (NLNG), which announced earlier in the day that it would press ahead with its NLNG Plus expansion project.
NLNG announced earlier that it had signed a long term sales and purchase deal to deliver 1.5 bcm of gas annually from the planned fourth and fifth trains to Italy's ENI.
The new trains will raise LNG production at the site to 17.3 million tonnes annually from the current 6.1 million tonnes produced by the two existing trains. A third is expected to come on stream in November of this year.
The state run Nigerian National Petroleum Corp holds a forty nine percent equity in NLNG. Other shareholders are the operator Royal Dutch/Shell (25.6 percent), TotalfinaElf (15 percent), and Eni-Agip with 10.4 percent.

Author: Neftegaz.ru