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UpstreamOnline: BG clinches Nigeria LNG deal

By Upstream staff

BG Group has signed a deal with Nigeria LNG (NLNG) to buy liquefied natural gas for shipment to the US, the UK company said today.

BG Group has agreed a 20-year deal to take 2.25 million tonnes a year of LNG from NLNG’s planned Train 7 project in Finima, Bonny Island. Deliveries are expected to start in 2011 or 2012, depending on when the plant comes on stream.

The cargoes of LNG will be delivered to BG Group’s North American marketing arm at Lake Charles, Louisiana.

BG Group already has supply deals in place to buy supplies from Nigeria’s expanding LNG industry, Reuters reported.

The main shareholders in NLNG are Nigerian National Petroleum Corporation, Shell, Total and Eni.

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