 Today, Shell Nigeria has a 26 per cent shareholding in Nigeria Liquified Natural Gas (NLNG) and is also the technical adviser to the project. The other partners are the Nigerian National Petroleum Company (NNPC) with 49 per cent holding and Total and Agip with 10.4 per cent. Trains 1 and 2 of the $3.8 billion plant began operating in 1999, supplying liquefied natural gas to markets in Europe and the USA. The plant has been expanded with a third train, which came on stream in December 2002 and increased its capacity by 50 per cent, raising Nigeria’s share of the world LNG market to eight per cent. The partners are considering further expansion of the plant’s capacity and a final investment decision on two further trains (trains 4 and 5), was made by the NLNG board in March 2002. |