Nigeria LNG Limited (NLNG) and Total Gas & Power (TGP)have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.
The agreement is for the supply of 1.5mtpa for a 10 year term on a Delivered Ex-ship and Free on Board (FOB) basis.
Managing Director and Chief Executive Officer of NLNG, Tony Attah, signed on behalf of the company while Thomas Maurisse, Senior Vice President LNG, signed for TGP.
According to NLNG, the agreement is in line with NLNG’s drive to continue to deliver LNG globally in consolidation of its position as one of the top ranking LNG suppliers in the world.
A statement issued by General Manager, External Relations, Eyono Fatayi-Williams explained that SPA with TGP advances the plans by NLNG to remarket volumes from three trains. The SPA is expected to boost the company’s global presence and market reach, in line with its corporate vision of being a “global LNG company, helping to build a better Nigeria”.
