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UPDATE 2-Nigeria LNG signs 10-year deal with Total

Published 22/01/2020, 20:26
Updated 22/01/2020, 20:26
© Reuters. UPDATE 2-Nigeria LNG signs 10-year deal with Total

(Adds company response in paragraph 4)
LONDON, Jan 22 (Reuters) - Nigeria Liquefied Natural Gas has
signed a deal with French energy group Total TOTF.PA for 1.5
million tonnes of LNG per year, the African producer said on
Wednesday.
The agreement is for 10 years, with volumes to be supplied
to Total from trains 1, 2 and 3 of the Nigeria LNG plant at
Bonny.
The deal is in line with Nigeria LNG's "drive to continue to
deliver LNG globally in consolidation of its position as one of
the top-ranking LNG suppliers in the world", the company said in
a statement.
"The deliveries under the agreement will commence October
2021," said an NLNG spokeswoman.
An company spokeswoman was not immediately available to
comment on when the deal would begin.
Nigeria LNG has been remarketing some volumes from its
existing trains as some contracts approach expiry.
The company's contracts with Turkey's Botas, Portugal's Galp
Energia GALP.LS , Spain's Naturgy NTGY.MC and Total TOTF.PA
for a total of 2.67 million tonnes a year will expire in 2020
and 2021, according to the International Group of LNG Importers
(GIIGNL).
Nigeria LNG is a joint venture between the Nigerian National
Petroleum Corporation, Shell RDSa.L , Total and Eni ENI.MI .


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