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Background History
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Long-Term Liquefied Natural Gas Sales
NLNG executed Sales & Purchase Agreements with five buyers located in Europe and Turkey for the Base Project volumes: Enel of Italy, Gas Natural of Spain, Botas of Turkey, Gaz de France of France, and Transgas of Portugal.
The first LNG Cargo produced at the company's Bonny Island plant was loaded on October 9, 1999 and delivered for Enel at the Montoir de Bretagne LNG receiving facility in France.
The company’s Train 3 Expansion Project offered an opportunity to further commercialise Nigeria’s extensive gas reserves and also develop new offshore and onshore oil reserves. SPAs were executed with Gas Natural and Transgas. The Train came on stream in December 2002.
In 2000, NLNG commenced discussions with prospective buyers of the LNG volumes expected from the NLNGPlus. The marketing effort was successful. The off-takers of NLNGPlus volumes are Shell Western LNG, Total, Iberdrola (Spain), Transgas, Eni, BG and Endesa (Spain). The first contract cargo from Train 4 was loaded in January 2006 and from Train 5 in February 2006.
Total and Shell Western signed SPAs for LNG from the NLNGSix Project and from which production commenced in the fourth quarter of 2007.
Similarly the company has marketed its Train 7 volumes (8.0 mtpa), with SPAs already signed and only awaits FID.
The SPAs were signed with BG, Shell, Total, Eni and Occidental Energy with deliveries to North American terminals.
NLNG’s buyers are spread across the fast growing LNG markets of Europe, North America and Turkey with roughly a 50:50 split between Iberia and North America.
| OFF-TAKER |
RECEIVING FACILITY |
| TRAINS 1 & 2 |
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| ENEL |
Montoir de Bretagne |
| GAS NATURAL |
Bilbao, Huelva,Cartagena, barcelona, Sagunto |
GALP GAS NATURAL
(TRANSGAS) |
Huelva, Sines, Cartagena |
| GAZ DE FRANCE |
Montoir Terminal |
| BOTAS |
Marmara Terminal |
TRAIN 3
|
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| GAS NATURAL |
Huelva,Cartagena, barcelona |
GALP GAS NATURAL
(TRANSGAS)
|
Sines, Huelva, Cartagena |
TRAINS 4 & 5
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| BG LNG |
Lake Charles(Louisiana,USA) |
| ENDESA |
Barcelona,Huelva & Cartagena (Spain), Mugardos, Sagunto |
| ENI |
Sines (Portugal), Huelva (Spain) |
| IBERDROLA |
Huelva (Spain) |
| SHELL |
Lake Charles(Louisiana,USA), Altamira (Mexico), Covepoint (Maryland, USA), Barcelona, Bilbao, Cartagena, Huelva & Sagunto(Spain) |
| TOTAL |
Lake Charles(Louisiana,USA), Zeebrugge (Belgium), Barcelona, Bilbao, Cartagena, Huelva & Sagunto(Spain) |
GALP GAS NATURAL
(TRANSGAS)
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Huelva, Cartagena (Spain), Sines (Portugal) |
| TRAIN 6 |
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| SHELL |
Altamira (Mexico), Covepoint (Maryland, USA), Barcelona, Bilbao, Cartagena, Huelva & Sagunto(Spain), Lake Charles(Louisiana,USA), |
| TOTAL |
Lake Charles(Louisiana,USA), Zeebrugge (Belgium), Barcelona, Bilbao, Sagunto, Cartagena and Huelva (Spain), Altamira (Mexico). |
Spot
Besides the long-term Sales and Purchase Agreements (SPAs), NLNG entered into Free on Board (FOB) Master Spot LNG Sale & Purchase Agreements with various companies. These allow for the sale and disposal of excess production volumes on a spot basis.
Through these contracts, LNG from the Bonny Island plant has been delivered at various receiving terminals in the United States, Europe and the Far East.
Natural Gas Liquids
The by-products of LNG: Condensate and Liquefied Petroleum Gas (LPG) are sold on a Free on Board (FOB) basis under a 12 month contract. LPG production started in 2003. It consists of refrigerated grade of commercial propane and commercial butane, which are sold separately. Condensate exports started in 2000. NLNG currently produces and loads over 45 cargoes of these products annually.
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Newsarea
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NLNG MD, Chima Ibeneche, delivers closing speech at 3rd Hands-On Research School, University of Buea Cameroun NLNG has scored another first, in its bid to encourage Nigeria's development, sponsoring the 3rd Hands-On Research School, a venture put together by some of the world's finest scientists to boost the quality of scientific research coming out of Nigeria, Cameroun and other developing countries in Africa and around the world. Chima Ibeneche explained the importance of such contributions in his closing address at the just concluded school which ran from the 2nd - 13th of August 2010...  ...........................................
A Winner for the Science Prize and a Shortlist of Three for the Literature Prize Prof Akaehomen Ibhadode has emerged winner of this year’s edition of Nigeria’s most prestigious award for science ... |
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Special reports
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"The society which scorns excellence in plumbing as a humble activity and tolerates shoddiness in philosophy because it is an exalted activity will have neither good plumbing nor good philosophy: neither its pipes nor its theories will hold water.' We agree with this quote from John Gardner, so what are we doing about it? Find out in the latest edition of our CSR digest..." |
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Scam Alerts
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It has come to our attention that some individuals are contacting people via e-mail and or publications in the internet claiming to be recruitment agents of NLNG... |
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