Total buys $207 mln stake in Tellurian for LNG push

FID for Nigeria LNG expansion project taken

Dec 31, 2019
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Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas plant.

The brownfield development, which is expected to start-up in 2024, will increase the annual production capacity to more than 30 million tonnes per year (Mtpa) from the current 22.5 Mtpa.

The expansion project will enable to produce an additional 7.6 Mtpa of LNG, of which 4.2 coming from one new liquefaction train (Train 7), and 3.4 coming from the debottlenecking of existing trains.

NLNG is a 6-train LNG facility, in operation since 1999. In 20 years, the plant has delivered over 4,700 LNG cargoes around the world. With this expansion, it will become one the world’s most important LNG gas hub, according to Eni in a statement.

Eni is a founding partner of NLNG and holds a 10.4 per cent share. Other partners are NNPC (49 per cent), Shell (25.6 per cent), and Total (15 per cent). This project will also add more than 1 Mtpa of capacity to Eni’s global LNG portfolio.