Connect with us


NLNG, Vitol SA enter into  sales deal with on Train 1, 2 and 3



NBRP lauds NLNG on release of 2022 longlist, opens platforms for exposure of books, authors

The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3.

NLNG disclosed this in a statement signed by Eyono Fatayi-Williams General Manager, External Relations, and  made available to newsmen in Abuja, on Wednesday.

Vitol is an energy and commodities company with focus on trading and distribution of energy products globally.

News continues after this Advertisement

The General Manager said that the agreement was for the supply of 0.5mtpa of LNG for a 10 year term on a Delivered Ex-ship basis commencing from October 2021.

He said the agreement underscored NLNG’s drive for mutually beneficial partnerships to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to remain the energy partner of choice to renewables.

Fatayi-Williams said in the agreement, NLNG and Vitol SA would bring into partnership, a wealth of global presence, market reach, and experience in LNG operations.

He aid that Mr Tony Attah, Managing Director of NLNG signed on behalf of the company while Pablo Galante Escobar, Global Head of LNG, Vitol S.A., signed for Vitol SPA

NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation, Shell Gas B.V., Total Gaz Electricite Holdings France, and Eni International N.A. N. V. S.àr.l . (NAN)

News continues after this Advertisement
News continues after this Advertisement
Continue Reading

Leave a Reply

Your email address will not be published. Required fields are marked *