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Buying LNG and NGLs

Our strategic goal is to fulfil NLNG’s mission which is “To market, produce and deliver liquefied natural gas and natural gas liquids to buyers safely, reliably and profitably, growing our company and its people to their full potential, and being a trusted partner with all our stakeholders in the sustainable development of Nigeria’s gas industry and of NLNG’s host communities​.

Products

 Product​  Cargo Lot​​  Mode of Delivery  Des​tination  M​ode of Sale
 LNG 152,000m3​  FOB​​  Export Competitive Spot Tender 
 LPG (Propane/Butane) 45,000mt​  FOB  Export Competitive Periodic Tender
 Condensate  30,000mt  FOB  Export Competitive Periodic Tender​
 Domestic LPG (Butane)  500-12,000mt  DES  Nigeria Monthly Nominations

 


Prequalification Requirements for Spot (FOB) LNG Master Agreement

1. Organization

  • Valid Certificate of Incorporation
  • Adequate proof of experienced key officers in LNG Trade (personnel profile or CVs)
  • Evidence of presence in the key (LNG Trade) markets (registered office addresses in Europe, North America, Middle East and Asia)
  • Evidence of presence in Nigeria (registered company office address or affiliate in Nigeria)
  • ​Evidence of trading in LNG and/or other products (volumes lifted, date, sources and destinations)

2. Shipping Capability
  • Adequate proof of affiliation with ship owners or brokers (agreements/ MOU)
  • Shipping Quality Assurance HSE & Ship Management Systems and Policies (documents)
  • Shipping Operations Contingency Plans & Risk Mitigation (documents)

3. Financials

  •  Three (3) years Audited Financial Statement
  • Availability of Financial Support (parent company guarantee or proof of ability to provide bank guarantee/ Letter or Credit)

Currently, our base LNG production volumes are already committed to Long Term Buyers. However, we do occasionally have excess LNG cargoes which are sold on Spot basis.


Pre-Qualification Requirements for Spot (FOB​) NGLs (LPG and Condensates) Master Agreement

1. Organization

  • ​Certificate of Incorporation
  • Evidence of End User relations or transactions.
  • Market Coverage Capabilities (world) or experience record of similar transactions, size or offices spread
  • Petrochemical operations or ownership, processing contracts with a refinery or LPG terminal access or distribution.
  • Evidence of trading in LPG (volume traded in mtpa) and/or other products.
  • Evidence of local presence in Nigeria (affiliates or representative office)

2. Shipping Capability
  • ​Proof of ownership of shipping capacity or affiliation with ship brokers (agreements, MOU, etc)
  • Shipping Quality Assurance & HSE or Ship Management (safety management system or policies or quality documents)
  • Shipping Operations Contingency Plans & Risk Mitigation (documents)
  • Flexibility issues (dedicated vessel vs Spot Charter)

3. Financials

  •  Three (3) years Audited Financial Statement
  • Availability of Financial Support (parent company guarantee, bank performance bond and bank guarantee)



Pre-Qualification Requirements for Domestic LPG Offtake 

Mandatory requirements

  • Valid Certificate of Incorporation
  • Evidence of Terminal Use Agreement (e.g. with PPMC) or proof of ownership of a storage facility
  • Tax Clearance Certificate
  • Requisite DPR license/permits and other regulatory authority approvals
  • Acceptance of NLNG General Business Principles and Policies (ABC Policy)

Other Requirements

  • Evidence of trucks for commuting between jetty storage facility and bottling plants and retail outlets
  • Financial capability to support purchase (including your company's three year audited financials). A guarantee from a reputable Nigerian bank or proof of ability to secure required financial security (Letter of Credit) would be an added advantage
  • Evidence of direct involvement in the LPG Value Chain or affiliation with experienced partners
  • Evidence of volume traded in MTPA (fully refrigerated LPG and/or similar refrigerated products
  • Market coverage capabilities
  • Copy of company's Quality Assurance & HSE or Safety Management Policies

Our dedicated team will review the formal letter of interest to determine eligibility of the interested party to execute the relevant Master Agreement and become one of the pre-qualified counterparties based on already defined criteria. A formal request for additional information will be made where necessary and we shall adequately communicate the outcome of the process. After the submission of the formal letter of interest, further enquiries can be addressed to the email address – Loi.Management@nlng.com.

Finally, the list of pre-qualified counterparties are reviewed periodically based on agreed criteria including, but not limited to, participation in tender activities.

More on Buying

Learn more about buying from NLNG. Click Frequently Asked Questions.

 

​NSML is committed to ensure that Nigerian crews are well represented in numbers of officers that work onboard NLNG Vessels and third​ party charterers. The Nigerianization P​​lan is to ensure that Nigerians are recruited straight from the cadetship phase and sponsored to obtain the CoCs in schools abroad after which their careers with the company is appropriately monitored and managed as they rise within th​e ranks.​

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Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG project.
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