NLNG signs gas delivery agreements with power plants

The Nigeria LNG Limited, on Tuesday, signed Sales and Purchase Agreements to supply liquefied natural gas to three power firms in Nigeria.

At the signing ceremony in Abuja, the Managing Director, NLNG, Tony Attah, also announced that the gas company had generated over $110bn in revenues to the Federal Government since it started operation in 1999.

He said, “It is my pleasure to announce that our commitment to unlocking gas utilisation is now backed by the execution of Sales and Purchase Agreements to supply 1.1 million tonnes per annum of LNG on DES basis to Asiko Power Limited, Bridport Energy Limited and Gas-Plus Synergy Limited.

“The SPAs will facilitate the project execution and development of infrastructure led by off-takers to aid LNG delivery into the domestic market.”

Attah said the execution of the SPAs followed a domestic LNG workshop, which was held in November 2019 to carry out a stress test on the delivery model with industry stakeholders.

He said, “We believe this will be the decade for us to leverage on our gas reserves to accelerate our power generation solutions through gas-to-power projects.”

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