A Memorandum of Understanding for 3bcm per annum of LNG executed with BG LNG Services for Trains 4 & 5 volumes opens the door for NLNG to supply into Lake Charles, United States, for 20 years, where the company has established a reputation as a reliable supplier of LNG spot cargoes. BG LNG Services has 80 per cent capacity rights in Lake Charles until September 2005 and 100 per cent until 2024.

Andrew Jamieson, Managing Director of Nigeria LNG, said he was delighted with the consolidation of the company’s position in the world’s largest gas market, which he attributed to diligence and the development of a sustained long term relationship with BG LNG Services in the spot market. He also welcomed BG LNG Services as a new long-term contract customer of NLNG. 

Nigeria LNG 's Trains 4 & 5 are expected to come on stream during 2005. Each of the trains has a capacity of over four million tonnes per annum of LNG and 0.5 million tonnes per annum of Liquefied Petroleum Gas (LPG).  

BG LNG Services LLC is the US arm of British Gas group. Other buyers of NLNG Trains 4 & 5 volumes are Shell Western LNG 1.5bcmpa also destined for the United States, Iberdrola 0.5bcmpa, Transgas 2.0bcmpa, and ENI 3.3bcmpa. 

Nigeria LNG Limited is a Joint Venture Company whose shareholders are the Nigerian National Petroleum Corporation (49%), Shell Gas BV (25.6%), TotalFinaElf LNG Nigeria Limited (15%) and Agip International (N.A.) BV (10.4%).

Press Statement
May 13, 2003 
Lagos, Nigeria.