Nigeria LNG puts up May cargo in sell tender-trade sources

0
1108

Nigeria Liquefied Natural Gas (LNG) launched a tender offering a cargo on May 13-15 on a free-on-board basis, according to trade sources and a tender document.

Bids for the tender are due by 1100 Nigeria time (1000 GMT) on Thursday and the tender closes next Sunday, one trade source said.

Nigeria LNG (NLNG) has begun discussing with possible buyers on new gas supply contracts from three production units at its liquefied natural gas (LNG) terminal, a senior official from the company has revealed.

According to the anonymous official, contracts for the supply of gas from Trains 1, 2 and 3, which jointly produce 9 million tonnes of LNG a year, are currently being discussed.

Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to remarket today,” he said. Trains are units that freeze natural gas into liquid form for export on ships.

The anonymous senior official explained that responses from buyers have been positive. “There are some who are guaranteed to buy,” he added giving no further details.

Nigeria LNG Limited is a liquefied natural gas-producing company. The company is a joint venture between the Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, Total and Eni.

NLNG has a liquefied natural gas plan

SHARE
Previous articleLG Polls: INEC Begins Voter Cards Distribution in Lagos April 29
Next articleSaraki’s CCT Trial Stalled over Prosecution’s Request for Adjournment
Joseph Afam (Local Contents and Partnership Editor) (070 3949 0464) Joseph Afam is a energy and finance journalist, who has years of experience in journalism, he started his journalism career in Nigeria’s top financial newspaper in Lagos. He’s a graduate of Economics and Finance from University of Ebonyi State, Nigeria He has won series of awards and regconitions Contact him for any editorial deals and advertorial issues on # Joseph.Afam@naija247news.com, editor@naija247news.com, Cell: 070 3949 0464

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.