Nigeria Liquefied Natural Gas Company Signs Supply Pact With Producers for Train 7
December 13 2019 - 4:07PM
Dow Jones News
By Obafemi Oredein
Special to Dow Jones Newswires
IBADAN, Nigeria--The Nigeria Liquefied Natural Gas company
signed a natural-gas supply agreement Friday with oil and gas
producers for its Train 7 project.
International oil companies Shell, Total Nigeria and Nigerian
Agip Oil Company and indigenous firms Oando and the Nigerian
Petroleum Development Company are involved in the agreement,
according to the Nigerian National Petroleum Corporation.
Mele Kyari, NNPC group managing director, said with the
agreement in place "all was set for the take-off of the project,"
adding its Final Investment Decision would be taken next week.
Shareholders of NLNG Train 7 signed a letter of intent in
September, an endorsement of a legally binding interim agreement
outlining the main points of the project that precedes the FID.
The NLNG currently runs six trains and produces 22 million tons
annually but with Train 7 on stream, production will rise by 35% to
around 30 million tons, said Tony Attah, the company's managing
director. The NLNG was ready to build more trains if the natural
gas-producing companies can supply the amount required, he
said.
The NNPC didn't give the volume of natural gas the companies
would supply to Train 7 under the agreement.
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(END) Dow Jones Newswires
December 13, 2019 15:52 ET (20:52 GMT)
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