Eni signs Shareholders'Agreement for the construction of a new gas liquefaction plant in Nigeria

abarrelfullabarrelfull wrote on 30 Jul 2015 13:47
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20 September 2006 – Eni and its partners NNPC, ConocoPhillips and Total signed today in Abuja, Nigeria, a Shareholders’ Agreement for the construction of a liquefaction plant near the Brass Terminal, on the Nigerian coast, located 100 kilometres west of Bonny Island.

This agreement represents, for Eni and its partners, a significant step towards the finalization of the development activities for the project, which will lead partners to take the technical Final Investment Decision before the end of 2006.

The new liquefaction plant, consisting of two trains, will produce 10 million tons of LNG per year at full capacity. Nigerian Agip Oil Company (NAOC), a wholly owned subsidiary of Eni, will supply gas for 50% of the plant’s production. The first LNG cargo is expected for the first half of 2011 and will be exported primarily to the US.

This project will contribute to achieving the flaring abatement targets set by Eni.

Eni, in alignment with the Federal Government of Nigeria, considers the Brass LNG Project one of the priority projects for the development of the State of Bayelsa, located in the Niger Delta, the region where the LNG terminal will be built and where NAOC has been operating for many years.

Eni is already a partner in the Nigeria LNG Project (the LNG terminal on the island of Bonny), in operation since 1999, which also significantly contributes to the achievement of the emissions abatement targets set for 2008.

In Nigeria Eni, in addition to investing in gas liquefaction activities, has also pioneered through NAOC the construction of the first independent power plant in Okpai. This is a very important project, and a testament to the desire of Eni to promote the use of Nigerian gas for domestic purposes.


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