Nigeria LNG (NLNG) is renegotiating the contracts for its first three trains and could offer more flexible terms to buyers.
NLNG’s three trains have a combined liquefaction capacity of 9 mtpa, and long-term supply contracts account for 7.82 mtpa of this. All of these contracts are for 20 years or more and are due to expire by 2024. The prices are oil-indexed, but most of the contracts are unlikely to be renewed under the existing terms. The LNG market is expected to remain oversupplied until at least 2020, prompting buyers to opt for more flexible shorter-term contracts or spot cargoes.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up