The Nigerian Liquefied Natural Gas Limited (NLNG), on Tuesday, said it has secured guarantees for gas feed supply and off takers for its planned $7 billion Train 7 project.

In the build-up towards Final Investment Decision (FID) later in 2018, Nigeria LNG Limited (NLNG) is seeking $7 billion from the global financial markets for the sustainability of its operations and expansion project which will increase its production capacity from 22 million tonnes per annum (MTPA) to 30 MTPA. The CEO, NLNG, Mr. Tony Attah, disclosed this on the sidelines of the on-going Gastech conference and exhibition in Barcelona, Spain.

Attah added that while the Sales Purchase Agreements (SPAs) are still valid, they may not hesitate to take a second look at it if need be without necessarily changing the off-takers. He also said that the company has made progress on guaranteeing gas supply for the upcoming Train 7 with companies including; Shell, Total and Eni committing to ensuring steady supply of gas feedstock for the project.

Source: The Sun