BP to buy Nigerian LNG

Friday, February 10, 2006
Oil major BP Plc has agreed to buy liquefied natural gas (LNG) from the new Brass project in Nigeria to help meet growing demand in the U.K. and the U.S. The deal, to be finalized later this year, is for annual shipment of two million tons of LNG for 20 years starting in 2010. The Nigerian gas will be delivered by Brass LNG and used by BP, one of the world's largest suppliers of LNG, to supply multiple markets in the Atlantic basin. Demand for imported LNG, gas cooled for easy transport by tanker, is booming as Europe and the United States turn to the fuel to compensate for falling local gas production. The Brass LNG project is backed by Italian oil and gas company Eni, U.S. oil majors Chevron and ConocoPhillips and state-owned Nigerian National Petroleum Corp. It is expected to export an initial 10 million tons a year of LNG. Brass LNG earlier this month signed a similar agreement with British oil and gas producer BG. (Source: Reuters)
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Careers / Shipboard Positions Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0921 sec (11 req/sec)