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LAGOS, Oct 11 (Reuters) - State oil company Nigerian
National Petroleum Corp (NNPC) on Friday said it had signed a
$2.5 billion pre-payment agreement with Nigeria LNG (NLNG) for
upstream gas development projects.
NLNG, which produces liquefied natural gas (LNG) for export,
is owned by state-run Nigerian National Petroleum Corporation
(NNPC) and foreign energy firms Royal Dutch Shell RDSa.AS ,
Total TOTF.PA and ENI ENI.MI .
Nigeria was the fifth largest LNG producer in the world last
year, falling from fourth place as its production declined and
it was overtaken by the United States, according to the
International Group of Liquefied Natural Gas Importers.
NLNG operates six LNG processing units, known as trains, on
Bonny Island.
The pre-payment agreement is "for upstream gas development
projects to supply trains 1-6", NNPC said on Twitter. It did not
provide further details.
Earlier this month NLNG said it had moved closer to an
investment decision on the long-awaited Train 7 project to
expand its liquefied natural gas plant on Bonny
Island.