NLNG Signs Sales Deal with Vitol SA

The Nigerian Liquefied Natural Gas (NLNG) has signed LNG Sales and Purchase Agreement (SPA) with Vitol SA.

In a statement issued by General Manager, External Relations, Eyono Fatayi-Williams, NLNG explained that the deal is for some remarketed volumes from  Trains 1, 2 and 3.

Vitol is an energy and commodities company with focus on trading and distribution of energy products globally.

The General Manager explained that the agreement was for the supply of 0.5mtpa of LNG for a 10 year term on a Delivered Ex-ship basis commencing from October 2021.

According to the statement, the agreement underscored NLNG’s drive for mutually beneficial partnerships to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to remain the energy partner of choice to renewables.

Explaining further, Fatayi-Williams said NLNG and Vitol SA would bring into the partnership a wealth of global presence, market reach, and experience in LNG operations.

Managing Director of NLNG, Mr Tony Attah  signed on behalf of the company while Pablo Galante Escobar, Global Head of LNG, Vitol S.A., signed for Vitol SPA