The Nigeria National Petroleum Corporation (NNPC) Limited has announced the commencement of Liquefied Natural Gas (LNG) exports to the Asian markets of China and Japan.

The spokesperson of the national oil company, Olufemi Soneye, made this disclosure in a statement on Monday in Abuja.

Soneye explained that the shipment of the cargo to both Asian countries was conducted on a Delivered Ex-Ship (DES) basis.

A delivered Ex-Ship (DES) is an international commercial term that requires the seller to deliver the products/goods at a specific port.

The seller takes responsibility for the shipping and insurance for the products/goods until they get to the specified port of delivery.

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd.) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis. 

“NNPC Ltd. Achieved the milestone through the collaboration of two of its Downstream subsidiaries – NNPC LNG Ltd. And NNPC Shipping Ltd. – which delivered its first DES LNG cargo from the 174,000m³ LNG vessel, Grazyna Gesicka at Futtsu, Japan, on 27th June 2024. 

“Since then, it has expanded its footprint to China with the delivery of one LNG cargo on a DES basis,” he said.