Nigeria LNG (NLNG) has signed a sales and purchase agreement (SPA) with Portugal’s Galp Trading for remarketed liquefied natural gas volumes from its plant’s trains 1, 2 and 3, Kallanish Energy reports.
Under the deal, NLNG will supply Galp with 1 million tonnes per annum (Mtpa) of LNG for a 10-year term. The sales will be done on a delivered ex-ship basis.
The joint venture’s general manager, Eyono Fatayi-Williams, said 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.”
The latest deal follows on a similar SPA signed with Italy’s Eni and France’s Total last month.
NLNG is investing $10 billion to expand its production capacity from 22.5 Mtpa to 30 Mtpa, with the addition of Train 7 to the plant in 2024. The company is a joint venture between NNPC (49%), Shell (25.6%), Total (15%) and Eni (10.4%).
