By Uzor Odigbo
The Nigeria Liquefied Natural Gas (NLNG) has signed a 10- year Memorandum of Understanding (MoU) with French energy group, Total.
The partnership deal is for a 1.5 million tons of LNG per year, the producer said.
The two organisations also hinted that the agreement was for 10 years, with volumes to be supplied to Total from trains 1, 2 and 3 of the Nigeria LNG plant at Bonny.
The NLNG , in a statement, noted that the deal was in line with Nigeria LNG’s initiative to continue to deliver LNG globally in consolidation of its position as one of the top-ranking LNG suppliers in the world.
According to the company, “The deliveries under the agreement will commence October 2021”.
The organisation further maintained that it was not yet certain when the deal would actually commence.
The statement further disclosed that NLNG has been remarketing some volumes from its existing trains as some contracts approach expiry.
Moreover, the report also stressed that the firm’s contracts with Turkey’s Botas, Portugal’s Galp Energia, Spain’s Naturgy and Total for a total of 2.67 million tons a year will expire in 2020 and 2021, according to the International Group of LNG Importers (GIIGNL).
Recall that NLNG is a joint venture between the Nigerian National Petroleum Corporation, Shell, Total and Eni
