Page 13 - GLNG Week 07

GLNG AFRICA GLNG
NLNG consolidates remarketing plans via 10-year deal with Galp Trading
PROJECTS & COMPANIES
THE Nigeria LNG (NLNG) consortium has signed another long-term supply deal for remar- keted volumes of fuel from Trains 1, 2 and 3 of the its liquefaction plant on Bonny Island. e buyer is Galp Trading, an a liate of Portugal’s Galp Energia.
According to a statement from the consor- tium, the parties have signed a sales and pur- chase agreement (SPA). e document provides for NLNG to deliver of 1mn tonnes per year (tpy) of LNG to Galp Trading over a period of 10 years. e fuel will be supplied on a delivered ex-ship (DES) basis.
e nalisation of this SPA serves to consoli- date NLNG’s plans to remarket production from its rst three trains, the statement said. is, in turn, puts the group in a better position to pre- pare for the growth and consolidation that will occur as a consequence of the construction of a seventh production train, it said.
NLNG has also signed deals for remarketed LNG from Trains 1, 2 and 3 with Vitol (Switzer- land), Total (France) and Eni (Italy). Both Total
and Eni are shareholders in the consortium. The group said in a separate statement last month that the remarketing deals would support its “drive to continue to deliver LNG globally in consolidation of its position as one of the top-ranking LNG suppliers in the
world.”
NLNG has been seeking to remarket future
production from Trains 1, 2 and 3 because its existing contracts with Total, Naturgy (Spain), Galp (Portugal) and Botas (Turkey) are due to expire in 2020. ese contracts provide for the delivery of a total of 2.67mn tpy of LNG.
ere are four shareholders in NLNG: Nige- ria National Petroleum Corp. (NNPC), with 49%; Royal Dutch Shell (UK-Netherlands), with 25.6%; Total, with 15%, and Eni, with 10.4%. e partners recently made a nal investment deci- sion (FID) on the construction of a seventh pro- duction train at the Bonny Island plant. When complete, Train 7 will raise the facility’s produc- tion capacity from its current level of 22.5mn tpy to 30mn tpy.™
AMERICAS
US company signs gas-to- power deal in Nicaragua
PROJECTS & COMPANIES
THE US company New Fortress Energy (NFE) has agreed to supply LNG to Nicaragua as part of a long-term gas-to-power project worth $700mn.
In a statement, NFE said it had signed a power purchase agreement (PPA) outlining the terms of the deal last week with Nicaragua’s two main electricity distribution concerns, Distribuidora de Electricidad del Norte (DisNorte) and Dis- tribuidora de Electricidad del Sur (DisSur). Sep- arately, Nicaragua’s government con rmed the signing and reported that Salvador Mansell, the Minister of Energy and Mines, had witnessed the event.
According to NFE, the PPA provides for the delivery of more than 21tn Btu of LNG to the Central American country over a period of 25 years. Shipments will average 60bn Btu per day, or about 700,000 gallons per day, during this interval.
NFE also said it intended to bring the LNG to Nicaragua by tanker. LNG cargoes will arrive at an o shore oating storage and regasi cation unit (FSRU) that will be anchored near Puerto Sandino, it noted.
e FSRU will then be able to send these volumes to a gas- red thermal power plant (TPP) that NFE will build near Puerto
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