NIGERIA - ExxonMobil LNG Project At Bonny.Mobil Producing Nigeria Mobil Producing Nigeria (MPN) is one of three Nigerian subsidiaries of the petroleum company ExxonMobil. It began operations in 1955. All of its operations are offshore, where it own 90 platforms on 800,000 acres (3,200 km²) of territory. (MPN), the local unit of ExxonMobil, on Jan. 18, 2005, announced that it had signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MoU) with NNPC NNPC Nigerian National Petroleum Corporation NNPC Nigerian National Petroleum Company for a pre-feasibility study for a 4.8m t/y, single-train LNG export facility to be located on Bonny Island near the existing NLNG NLNG Nigeria LNG (Nigeria) . MPN's project, first mooted in 2001 as a joint venture with then separate Chevron and Texaco, as well as with Conoco, could serve integrated power plants within Nigeria, as well as the US and European LNG export markets. The intention is to address flaring limitations being imposed by the Nigerian government on oil producers, and the project probably could not be up and running before 2010. |
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