NLNG, 10-year term Agreement on DES and FOB with Eni

A 10-year term agreement on a Delivered Ex-ship (DES) and Free on Board (FOB) has been signed by the Nigeria Liquified Natural Gas Limited (NLNG) with ENI for the supply of 1.5mtpa.

NLNG in a statement signed by Eyono Fatayi-Williams, its General Manager, External Relations, in Abuja, on Monday disclosed that it was for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

According to NLNG, the agreement signifies customers’ confidence in NLNG as a trusted, safe and reliable LNG supplier in the world.

It further added that it was primed for taking up a position in the ranks of top LNG companies with plans to grow its market share.

“The SPA with Eni advances the ongoing plans by NLNG to remarket volumes from the three trains,” it added.

NLNG is an incorporated Joint-Venture owned by four stakeholders: Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation; Shell Gas B.V.; Total Gaz Electricite Holdings France; and Eni International N.A. N. V. S.àr.l.