Nigeria LNG inks long-term contracts to secure gas supply
Nigeria LNG Ltd has inked 20-yr gas supply contracts with NNPC Ltd. and other oil firms for the supply of 1.29 Bft3d to support its liquefaction plants and expansion plans, according to a company statement.
The agreements - which include extension options - also involve firms such as Shell Nigeria, Oando Group, Aradel Holdings and First E&P, and are expected to mitigate long-standing upstream gas shortfalls while propelling Nigeria’s energy transition and industrialization efforts.
The volumes will be gradually scaled up over time to supply the $10-B Train-7 gas plant on Bonny Island in Rivers State, now 80% complete.
Bayo Ojulari, NNPC Group CEO, said the contracts opened up opportunities for growth, collaboration and shared prosperity.
NLNG Managing Director Philip Mshelbila added that the deals addressed persistent gas supply issues caused by pipeline disruptions, including instances of vandalism and sabotage, and signaled NLNG’s strategy of diversifying its feedgas sources following the divestment of onshore assets by several international oil companies.
NLNG is jointly owned by NNPC Ltd (49%), Shell Gas (25.6%), TotalEnergies (15%), and Eni (10.4%).
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