Nigeria LNG in talks with buyers on new contracts

Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, has reportedly started negotiations on new contracts with potential buyers for gas supplies from its first three Trains.

“Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to remarket today,” Reuters cited an unnamed senior official at NLNG as saying on Thursday.

The first three Bonny LNG Trains have a combined output of about 9 mtpa of LNG a year.

According to the report, the official said that the initial responses from buyers have been positive, adding that “there are some who are guaranteed to buy.”

Nigeria LNG is a joint venture between Nigerian National Petroleum Corporation (49 percent), Shell (25.6 percent), Total LNG Nigeria (15 percent) and Eni (10.4 percent).

LNG World News Staff