BG Group to source further LNG supplies from Nigeria

BG Group has signed a Sale and Purchase Agreement with Nigeria LNG for the acquisition of 2.25 million tonnes per annum (mtpa) of LNG.

The agreement term spans 20 years with the new LNG supplies due to be sourced from the planned Train 7 project in Finima, Bonny Island, Nigeria.

Cargoes will be delivered on an ex-ship basis to BG Group’s North American marketing business at Lake Charles, Louisiana.

Martin Houston, BG executive vice president and managing director for North America, Caribbean and Global LNG, said: This agreement with NLNG adds to our existing supply arrangements through Trains 4 and 5 which came into effect last year. It enhances the profitable long-term growth of BG’s LNG supply portfolio and reflects the strength of BG’s competitive position in the Atlantic Basin.