/ 18 March 1999

NEW GAS TRAIN IN NIGERIA

NIGERIA’S Liquefied Natural Gas Ltd. on Wednesday confirmed that it has signed a multi-million dollar contract with four western oil groups to build a third liquefied natural gas train. The company said the four companies concerned are Technip of France, Snamprogetti of Italy, MW Kellogg of the United States and Japan Gasoline Corp. It did not state the overall size of the contract, which Technip said last Friday was worth 7,2-billion French francs (more than $1-billion). The third train will increase NLNG’s processing potential by 50% — an additional 3,7-billion cubic metres per annum — it said.