Italian energy giant Eni signed a new long term contract to buy 1.5 million tonnes of liquefied natural gas with Nigeria LNG Limited, helping the company boost its global LNG portfolio from next year, it said in a statement on Monday.
The LNG will be produced from the existing Trains 1,2 and 3 located in Bonny Island, Nigeria. Eni, through its local affiliate NAOC, is also one of the suppliers of the liquefaction plant, and will help enhance associated gas resources in Nigeria, said the statement.
The deal, together with the one for 1.1 million tonnes of LNG executed last December between Eni and NLNG, allows Eni to increase its global LNG portfolio starting from 2021 and to further develop its presence in the main destination markets worldwide, the statement added.
NLNG is a joint venture between The Nigerian National Petroleum Corporation,, Shell, Total and Eni (with Eni holding a 10.4% stake), the statement said.
Eni has been Nigeria since 1962, with operated and non-operated exploration development and production activities in the onshore and offshore areas of the Niger Delta.
Eni’s equity hydrocarbon production in Nigeria exceeds 100,000 boe/day, according to the statement.
