Nigeria LNG signs 10-year LNG deal with Galp
Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Galp Trading SA for the supply of one million tonnes of LNG per year, the African producer said in a statement.
The volumes will be supplied on a delivered ex-ship basis for 10 years from Trains 1, 2 and 3 of a six-train NLNG production facility on Bonny Island.
The transaction follows a similar deal with Italy’s Eni and France’s Total announced last month and a 0.5 million tonnes per year deal with commodity trader Vitol signed in December.
NLNG has been remarketing some volumes from its existing trains as some contracts approach expiry. (Reporting by Camillus Eboh writing by Chijioke Ohuocha. Editing by Jane Merriman)
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May 18, 2020 10:00 AM CDT