ConocoPhillips exits Brass LNG project

ConocoPhillips transfers Brass LNG interest to shareholders

ConocoPhillips said that it has transferred its 17 percent shareholder interest in Nigeria’s Brass LNG Limited, along with all of its related interests, to the remaining shareholders of Brass LNG.

“We are pleased to complete the transaction with the Brass LNG Limited shareholders,” said Don Wallette, executive vice president, Commercial, Business Development and Corporate Planning. “We appreciate the long and productive relationship we have had with the government of Nigeria and our partners.”

Remaining members of the Brass LNG project, with a production capacity of 10 million metric tons of LNG per year, are Nigerian National Petroleum Corporation (NNPC, 49%), Total (17%) and ENI (17%)

 

Press Release, July 30, 2014

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