Shareholders of the Nigeria LNG Limited (Nigerian National Petroleum Corporation, Shell Gas B.V., TotalFinaElf LNG Nigeria Limited and Agip International) today at an Extraordinary General Meeting, in London reviewed the progress of work on the NLNG Plus Project (Trains 4 and 5).

The Shareholders expressed satisfaction with the progress achieved by the Board and Management of Nigeria LNG Limited in achieving the Essential Conditions required for the execution of the NLNG Plus Project.

In this regard, the Shareholders reaffirmed their commitment to the NLNG Plus Project and in doing so, encouraged the Board and Management to ensure that all efforts are dedicated towards the execution of the Engineering, Procurement and Construction (EPC) Contract on 22nd March, 2002.

As a further affirmation of this, the Shareholders today executed various key documents for the NLNG Plus Project, thus entering the final process for achieving the Final Investment Decision.

Nigeria LNG Limited
Press Statement
February 28, 2002 
Lagos.