The Nigerian National Petroleum Company Limited (NNPC Ltd) is making significant strides in expanding its global market footprint, with recent ventures into Japan and China for the supply of Liquefied Natural Gas (LNG) on a Delivered Ex-Ship (DES) basis.
The strategic move aligns with NNPC Ltd’s vision to establish itself as a dynamic and reliable global energy supplier, solidifying its presence in the Asian energy markets.
The milestone was achieved through the collaboration of NNPC Ltd’s Downstream subsidiaries, NNPC LNG Ltd and NNPC Shipping Ltd. The first DES LNG cargo was successfully delivered by the 174,000m³ LNG vessel, Grazyna Gesicka, at the Futtsu terminal in Japan on June 27, 2024.
Building on this success, NNPC Ltd expanded its reach to China, marking another significant step in its global expansion with the delivery of a DES LNG cargo.
The DES system, a more complex and demanding commercial term compared to the Free on Board (FOB) system, places the responsibility of shipping and insurance squarely on the seller until the goods reach the designated port.
This system requires a high level of expertise and operational efficiency, underscoring NNPC Ltd’s growing capabilities in international energy logistics.
