AfricaContracts and Tenders

Saipem-led JV nabs $4 billion Nigeria LNG Train 7 contract

By Mirza Duran
Nigeria LNG terminal
Nigeria LNG terminal

A joint venture led by Italy’s Saipem has secured a $4 billion contract for Nigeria LNG’s seventh production unit at its Bonny Island plant.

Saipem has a 60 per cent stake in the venture that includes South Korea’s Daewoo E&C and Chiyoda of Japan.

The engineering, procurement and construction deal follows the signing of a letter of intent in September 2019.

Nigeria LNG said on Wednesday that all conditions for an FID to build the train have been met, including financing.

NLNG is a venture compromising of the Nigerian National Petroleum Corporation (NNPC 49%), Shell (25.6%), Total (15%) and ENI (10.4%).

Shell said in a separate statement that Nigeria LNG would fund the new processing unit without shareholder loans or shareholder equity requirements.

The NLNG Train 7 project consists of the construction of one complete LNG train and one additional liquefaction unit. The project also includes other associated utilities and infrastructures.

The new unit will add around 8 mtpa of capacity to the 22 mtpa Bonny Island facility.

The Saipem-led joint venture will start construction once the situation with Covid-19 coronavirus pandemic has stabilised, according to Shell.

Most Popular

LNG as Fuel

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.
Contracts and Tenders

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.
LNG Terminals

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

LNG Terminals

Portugal’s Sines LNG import terminal hits new milestones

The Sines LNG import terminal in Portugal has reached two new milestones, according to Portugal’s power and gas firm and LNG terminal operator, REN.
Contracts and Tenders

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.
Vessels

Perenco secures FSU for Gabon LNG project

London-based oil and gas firm Perenco will deploy a 2003-built steam LNG carrier to serve as a floating storage unit for its LNG export project at Cap Lopez, Gabon.
Contracts and Tenders

Nigeria’s NNPC to supply gas to Ssonic’s LNG plant

State-run Nigerian National Petroleum Corp has signed a deal with compatriot Ssonic Petroleum to supply the latter's proposed liquefied natural gas (LNG) plant in the Lekki free trade zone, Lagos.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA