Lagos | Wednesday
THE Nigeria Liquefied Natural Gas (NLNG) has signed a long term sales and purchase accord with ENI Spa of Italy for the delivery of 1,5-billion cubic meters of gas per year, an official statement said this week.
Under the terms of the agreement NLNG will deliver 1,5-billion cubic metres per annum of gas to the Italian firm in the Iberian Peninsula when the fourth and fifth production plants of the company come into operation in 2005, it said.
This agreement, the first with ENI, is a follow up to the MoU signed last July with SNAM, now merged with the Italian firm.
The NLNG had last month signed a similar agreement with Transgas of Portugal for the supply of two billion cubic meters per annum of gas, the NLNG statement added.
Each of the two new plants will have a capacity of four million tonnes per annum of liquefied natural gas and up to 0,5-million tons per annum of liquefied petroleum gas (LPG), it also said.
NLNG commenced commercial operation in October 1999 with its two plant 5,9-million tons per annum base project. A third plant of similar design and capacity is currently under construction and is scheduled for completion later this year.
On completion of the three new plants, the NLNG will have an overall production capacity of 17-million or 21,4-billion cubic meters per annum tons of gas and two million tons per annum of LPG.
NLNG is a Nigerian joint venture company whose shareholders are the Nigerian National Petroleum Corporation (49%), Shell Gas B.V (25,6%), TotalFinaElf (15%) and Agip International B.V (10,4%). – AFP