Eni signs LNG agreement with Nigeria LNG
Published by Jessica Casey,
Eni has signed a new long-term contract for the purchase of 1.5 million t of LNG with Nigeria LNG Ltd, a joint venture between NNPC, Shell, Total and Eni (with Eni having a participating interest of 10.4%).
The LNG will be produced from the existing Trains 1, 2 and 3 located on Bonny Island, Nigeria. Eni, through its local affiliate NAOC, is also one of the suppliers of the liquefaction plant, thus contributing to the valorisation of associated gas resources in Nigeria.
The deal, together with 1.1 million t of LNG executed in December 2019 between Eni and Nigeria LNG, allows Eni to increase its global LNG portfolio starting from 2021, and to support the further development of its presence in the main destination markets worldwide.
Eni has been present in Nigeria since 1962, with operated and non-operated exploration development and production activities in the onshore and offshore areas of the Niger. Eni’s equity hydrocarbon production in the country exceeds 100 000 boe/d.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/28012020/eni-signs-lng-agreement-with-nigeria-lng/
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