Reuters is reporting that Nigeria National Petroleum Corp. (NNPC) has signed a US$2.5 billion pre-payment agreement with Nigeria LNG (NLNG).
NLNG is owned by NNPC, Royal Dutch Shell, Total and ENI, and operates six LNG production trains on Bonny Island.
The signed agreement is for upstream gas development projects to supply the NLNG’s trains.
This latest news come after NLNG recently announced it was closing in on an investment decision for its Train 7 expansion project at Bonny Island.