Nigeria LNG Limited (NLNG) and Galp Trading S.A have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.
According to NLNG, the agreement is for the supply of 1mtpa for a 10 year term on a Delivered Ex-ship (DES) basis.
Tony Attah, Managing Director and Chief Executive Officer of NLNG, signed on behalf of the company while Director at Galp,Fernando Ferreira Pinto, signed for Galp.
NLNG in a statement issued by General Manager, External Relations, Eyono Fatayi-Williams
Explained that the agreementconsolidates the company’s plans to remarket volumes from the three trains, and proves further that NLNG is a trusted and reliable supplier of LNG in the global market.
The SPAs for the remarketed volumes repositions the company in readiness for its next phase of growth and consolidation, with a goal to increase market share and competitiveness.
