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Japan: LNG Japan may participate in Nigeria NNPC's Brass LNG project

Japan: LNG Japan may participate in Nigeria NNPC's Brass LNG project

Write: Orla [2011-05-20]
p>Japanese energy trader LNG Japan Corporation has commenced preliminary discussions with Nigeria's state-owned Nigerian National Petroleum Corporation, or NNPC, to participate in NNPC's Brass LNG project, according to a statement on NNPC's website Wednesday.

"Japan LNG Corporation is welcome into Nigeria and NNPC as a major stakeholder in all the LNG projects in the country ... is willing to partner with you and do business that will be of mutual interest to both parties," Austen Oniwon, the managing director of NNPC said.

Oniwon added he hoped that LNG Japan would provide a link for NNPC to Asia's gas markets.

LNG Japan officials in Tokyo could not be contacted for comment.

The final investment decision on Nigeria's 10 million mt/year Brass LNG project may be pushed back to the first quarter of 2011, Oniwon said August 9.

The $8.5 billion project project involves building a two-train liquefaction plant in southern Nigeria. The foreign partners in the project are France's Total, Italy's Eni and the US' ConocoPhillips, each with a 17% stake. NNPC controls 49%.

NNPC's partners had been delaying taking a final investment decision for a number of reasons, including issues relating to security in the Niger Delta and the availability of gas for the plant, Platts reported previously.


China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html