NLNG signs 10-year term sales deal with Vitol SA on Trains 1, 2 and 3

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NLNG signs 10-year term sales deal with Vitol SA on Trains 1, 2 and 3

The Nigerian Liquefied Natural Gas (NLNG) has signed an agreement that underscores NLNG’s drive for mutually beneficial partnerships to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to remain the energy partner of choice to renewables.

The LNG Sales and Purchase Agreement (SPA) was signed with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

NLNG disclosed this in a statement signed by Eyono Fatayi-Williams General Manager, External Relations, and made available to newsmen in Abuja, on Wednesday.

Vitol is an energy and commodities company with a focus on trading and distribution of energy products globally.

The General Manager said that the agreement was for the supply of 0.5mtpa of LNG for a 10-year term on a Delivered Ex-ship basis commencing from October 2021.

Fatayi-Williams said in the agreement, NLNG and Vitol SA would bring into the partnership, a wealth of global presence, market reach, and experience in LNG operations.

He said that Mr Tony Attah, Managing Director of NLNG signed on behalf of the company while Pablo Galante Escobar, Global Head of LNG, Vitol S.A., signed for Vitol SPA

NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the 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 .

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