Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Blogs E-mail Newsletters People Tracker Portfolio Tracker Special Reports Video & Audio Commerce Energy Health Care Logistics Manufacturing Services Technology Washington CIO Network Digital Entertainment Enterprise Tech Infoimaging Intelligent Infrastructure Personal Tech Sciences & Medicine Bonds Commodities Currencies Economy Emerging Markets Equities Finance Human Resources Law & Taxation Sales & Marketing Management Technology Careers Compensation Corporate Citizenship Corporate Governance Managing Philanthropy CEO Network Reference Estate Planning Funds Investment Newsletters Retirement Strategies Taxes Collecting Health Real Estate Sport Travel Vehicles Wine & Food 100 Top Celebrities 400 Richest Americans Largest Private Cos World's Richest People All Forbes Lists Business Opinions Investing Technology Opinions Washington & The World Companies People Reference Technology Companies Events People Reference
  
E-mail | Comments | E-Mail Newsletters | My Yahoo! | RSS

AFX News Limited
Nigeria begins shipping liquified natural gas to US from new plant
01.08.2006, 08:03 PM



LAGOS (AFX) - Nigeria NLNG said it had shipped the first cargo of liquefied natural gas to the US from its fourth production plant.

A company statement said the consignment from the plant, which only began production in November, was loaded Saturday at the Bonny terminal in southern Nigeria for delivery to the Lake Charles terminal in the US.

NLNG managing director Chris Haynes said production had also started at the firm's fifth plant, known as a train, which is the last leg of its 2.1 bln usd expansion program aimed at raising earnings from gas exports to four bln usd per annum.

He said output from the five trains would raise Nigeria's LNG output to 17 mln metric tons per annum.

Haynes said with the coming on stream in 2007 of a sixth plant, Nigeria will be able to export 14 mln tons of LNG per annum to Europe and eight mln tons to US markets.

NLNG, which is co-owned by the state-run oil operator NNPC, Anglo-Dutch group Royal Dutch/Shell, Italy's Agip and France's Totalfina Elf, started operations in October 1999 at Bonny Island.

joa/gj/dg/tr













Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.


1 of 1


Article Controls
E-mail | Comments | E-Mail Newsletters | My Yahoo! | RSS


Related Sections
Home > News & Analysis



News Headlines | More From Forbes.com | Special Reports
   
Subscriptions >

Free Trial Issue of Forbes Forbes Gift Subscription
Subscribe To Newsletters Subscriber Customer Service
Buy Audio Version of Forbes




  
Trading Center
Brought to you by the sponsors below
 
 

CEO Book Club more >
The Philosopher Kings Of Hedging
The Philosopher Kings Of Hedging
Steven Drobny reveals insights from the hedge fund all-stars.
READ REVIEW          BUY THIS BOOK
Laissez Faire In The Studio
Dunstan Prial
At Columbia Records, John Hammond made some of the greatest discoveries in American music.
READ REVIEW          BUY THIS BOOK
Search Books

Advanced Search |  New & Notable

 
  
 
     

 
SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes MagazinesForbes Autos
Ad Information   Forbes.com Wireless   RSS   Reprints/Permissions   Subscriber Services  
© 2006 Forbes.com Inc.™   All Rights Reserved   Privacy Statement   Terms, Conditions and Notices


Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed.


Powered By