Nigeria LNG (NLNG) said Wednesday it has a letter of intent (LOI) with the SCD consortium for a seventh train at the Bonny liquified natural gas (LNG) plant in the Niger Delta. The consortium is made up of Saipem SPA, Chiyoda Corp. and Daewoo E&C.
Articles from Nigeria
The boom in shale gas and the increased use of natural gas will solve some, but not all, of the world’s problems with energy use, according to an essay, one of two articles on the world impact of shale gas in a recent issue of the British weekly news magazine, The Economist.
Calgary-based Talisman Energy Inc. is selling a 50% working interest in its Farrell Creek assets in the Montney Shale to Sasol Ltd. for C$1.05 billion. As part of the deal, the partners said Monday they will weigh the market viability of converting gas to liquid fuels using Sasol’s gas-to-liquids (GTL) technology.
BP announced last week that it signed a memorandum of understanding with Brass LNG in Nigeria to purchase two million metric tons a year of liquefied natural gas (LNG). The deal, which is expected to be concluded later this year, will cover a 20-year period starting in 2010. The LNG will be delivered by Brass and used by BP to supply markets in the Atlantic basin, particularly the United States and United Kingdom. Under the flexible contract, LNG also may be delivered to other existing LNG markets and a number of proposed new terminals that BP and its partners are seeking to develop in New Jersey, Texas, elsewhere in the U.S. and in Italy. The new LNG supply will compliment BP’s equity LNG from Trinidad, Australia, Indonesia and Abu Dhabi, which will make up the majority of its portfolio, together with LNG from Egypt and third-party purchase agreements with Oman and Qatar.