Thursday, May 24, 2007

India's NTPC inks deal with Nigeria for LNG import

(Reuters) - Indian state-run power firm NTPC Ltd. has signed a memorandum of understanding with Nigeria to buy up to 3 million tonnes of liquefied natural gas (LNG) per year on a long-term basis, the utility said on Thursday.

NTPC, which signed the preliminary agreement on Tuesday, has also agreed to build either on its own or through a joint venture two power projects in Nigeria after the LNG deal is sealed, Director R.K. Jain said.


Read more at Reuters Africa

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