In a bid to consolidate its position among the top five global liquefied natural gas (LNG) companies and grow its market share, the Nigeria Liquefied Natural Gas (NLNG) Limited has signed Sale and Purchase Agreements (SPAs) with French and Italian oil majors, Total Gas & Power (TGP) and Eni.

The SAP, which is a 10 year sales deal, covers some remarketed volumes of the LNG from the company’s Trains 1, 2 and 3.

With this development, Nigeria LNG has assured its continued delivery of LNG globally to its clients.

Nigeria LNG’s General Manager, External Relations, Eyono Fatayi-Williams, who announced this in a statement she personally signed, disclosed that 1.5 million tonnes of LNG will be supplied globally per annum for the duration of the contract.

In the SPA between NLNG and TGP, NLNG’s Managing Director/Chief Executive Officer, Tony Attah signed on behalf of the company while TGP’s Senior Vice President, LNG, Thomas Maurisse signed for TGP.

According to details of the deal released by the company, the product would be supplied on a Delivered Ex-ship (DES) and Free on Board (FOB) basis.

The NLNG also stated that the agreement signifies customers’ confidence in NLNG as a trusted, safe and reliable LNG supplier in the world.

The Nigeria Liquefied Natural Gas (NLNG) Limited, which is based in Finima, Bonny Local Government Area of Rivers State, is an incorporated joint-venture owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V., 10.4%.

Fatayi-Williams said the “SPA with TGP advances the plans by NLNG to re-market 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”.

Nigeria LNG has earlier signed an SPA with Vitol SA last month for some of the remarketed volumes from its Trains 1, 2 and 3, which approved the supply of 0.5mtpa of the LNG for a 10 year term on a delivered ex-ship basis. The delivery will start in October 2021.