Asset Report

Nigeria LNG (NLNG) - NLNG Base Commercial Overview

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NLNG Base consists of two LNG trains operated by Nigeria LNG, a joint venture between NNPC, Shell, Total and Eni. It was the first LNG project in Nigeria and started operations in 1999. This commercial overview outlines the NLNG Base development and commercial structure. It includes key issues facing the project, LNG supply contract details and contains plant and field location maps and a FOB breakeven analysis. Additional trains were added to NLNG, and these are shown in the NLNG Expansion, NLNG Plus and NLNG Six analyses.

Table of contents

  • Key facts
    • Summary
    • Key issues
      • Feedgas availability
      • Petroleum Industry Act
      • Offtake
    • Development
    • Costs
    • Upstream supply obligations
  • Timeline
  • LNG output
  • LNG contracts
    • Fiscal and regulatory
      • Royalty
      • Tax Holiday
      • Tax Rate
      • Interest on Loans
      • Capital Allowances
    • Economic Assumptions
    • Liquids Pricing
    • LNG Pricing
      • Europe
      • UK
      • Asia
    • Feedgas Pricing
    • GEM files
  • Economic analysis

Tables and charts

This report includes 11 images and tables including:

  • Key facts: Table 1
  • NLNG Base
  • Timeline: Table 1
  • NLNG Base output
  • NLNG Base contracts
  • LNG contracts: Table 1
  • Shipping: Table 1
  • Summary economics
  • Breakeven economics (us$/mmbtu)
  • FOB breakeven analysis (post-tax)
  • NLNG feedgas obligations for each JV by plant

What's included

This report contains:

  • Document

    NLNG Base Commercial Overview

    PDF 961.41 KB