Shell Secures Two Long-Term LNG Contracts in Nigeria
Shell has signed two 20-year contracts to purchase 3.8 bcm of LNG annually from Nigeria, marking its first long-term agreements in the region. This development aligns with NLNG's expansion plans, which include a new capacity increase to support growing global demand.
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Shell Gas and Power, a subsidiary of Royal Dutch/Shell, has finalized two long-term liquefied natural gas (LNG) contracts in Nigeria, committing to acquire 3.8 billion cubic meters of gas per year. This decision coincides with Nigeria Liquidfied Natural Gas (NLNG) advancing its NLNG Plus expansion project, which aims to enhance production capacity to 17.3 million tonnes annually.
The expansion includes a recently signed deal to supply 1.5 bcm of gas per year to ENI, with the third train expected to commence operations in November 2026. The Nigerian National Petroleum Corp owns 49% of NLNG, while Shell holds 25.6%, TotalfinaElf 15%, and Eni-Agip 10.4%. This strategic move by Shell may strengthen its position in the LNG market amid increasing global energy demands.
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