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-0.16

EUR 93.3684

-1.09

Brent 66.42

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Natural gas 2.801

-0.01

179

Shell, Chevron, Nigeria To Construct LNG Plant

Two of the lines will be owned by Shell and the NNPC while the others by ChevronTexaco, BG and NNPC

Shell, Chevron, Nigeria To Construct LNG Plant

British oil giant Shell and US oil corporation ChevronTexaco have signed a memorandum of understanding with the state-run Nigerian National Petroleum Corp. (NNPC) for a liquefied natural gas project.

NNPC said that under the memorandum the project is expected to have a capacity of 20 million tons per annum from four production lines.

Two of the lines will be owned by Shell and the NNPC while the others by ChevronTexaco, BG and the Nigerian company.

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