The plants have been performing above design capacity since start-up of the facilities so that LNG supplies to long-term buyers have exceeded the contractual quantities. The LNG produced in excess of the planned quantities is sold as "spot" cargoes.

 

Master Sales and Purchase Agreements (SPAs) exists between NLNG and these four companies:

 

CMS Marketing services & Trading Company
Coral Energy Resources L.P
BP Gas Marketing Limited
TotalFinaElf
NLNG has been trading with these four companies and would in due course sign more Master SPAs with other prospective buyers for spot cargo deliveries to North America and Europe.

 

NLNG delivered its first spot cargo in June 2000 to CMS. As at June 2002, the company had achieved 16 spot sales.

 

NLNG has equally signed Master Free On Board (FOB) SPAs with BP Gas Marketing Limited, GdF, TotalFinaElf and Golar LNG GdF. As at June 2002, two FOB cargoes had been sold.