Eni, Nigeria LNG Sign Contract for Portfolio Expansion
January 27 2020 - 11:04AM
Dow Jones News
By Mauro Orru
Eni SpA (ENI.MI) said on Monday that it has signed a long-term
contract with Nigeria LNG Ltd. to acquire 1.5 million tonnes of
liquefied natural gas.
The Italian energy company didn't disclose financial terms, but
said the deal would enable it to increase its LNG portfolio from
2021.
Eni said the liquefied natural gas would be produced through
existing facilities in Bonny Island, Nigeria.
Nigeria LNG Limited is a joint venture comprising Nigerian
National Petroleum Corp., Royal Dutch Shell PLC (RDSB.LN), Total SA
(FP.FR) and Eni itself, which has a 10.4% interest.
The Nigerian National Petroleum Corp. and other shareholders in
the joint venture agreed in December 2019 to move forward with the
construction of the Train 7 project.
Write to at mauro.orru@wsj.com
(END) Dow Jones Newswires
January 27, 2020 10:49 ET (15:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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