By OGJ editors
HOUSTON, Mar. 14 -- Suez LNG Trading SA has signed a memorandum of understanding with Brass LNG to buy 2 million tonnes/year of Nigerian LNG for 20 years. First delivery of LNG is expected in 2010.
Brass LNG includes Nigerian National Petroleum Corp., which holds 49%, and partners Eni SPA, ConocoPhillips, and Chevron Corp., which hold 17% each.
The LNG is destined primarily for North America, including the Suez Neptune project 22 miles off Boston, planned for 2010 operations. Suez Neptune will consist of a buoy system for mooring specially designed LNG ships equipped to store, transport, and vaporize LNG and discharge the natural gas through a subsea pipeline into the existing pipeline system (OGJ, Oct. 24, 2005, Newsletter). The US Coast Guard deemed the deepwater port application complete in October 2005, Suez said. Suez also has the option to divert cargos to other locations.
The LNG supply will come from Brass LNG's new 10 million tonne/year, two-train liquefaction plant.