Turkey to buy Nigerian LNG

May 10, 1999 02:00 AM

Turkey has agreed to buy 2.4 bn cm of Nigerian LNG at a cost of $ 260 mm over two years, a Turkish embassy official said.
Supply will start in October, said Asip Kaya.
He said that the deal between the Nigerian LNG Company and Turkish group BOTAS will be subject to review at the end of the two years, he added.
The Nigerian LNG project which starts production in October will produce 7.15 bn cm of gas annually. Much of the production has already been pre-sold.
The project was launched to make better use of the country's vast reserves of natural gas currently burnt off from its oil production facilities.

Source: AFP via Iinoil
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