Nigeria Liquefied Natural Gas Company (NLNG) has appointed BNP Paribas and GT Bank as financial advisers to raise around $1.6 billion to buy six LNG tankers, Reuters reported citing a banking source.
The source said the loan was being structured as a medium to long term financing and that final tenor and pricing will be based on demand with financial close expected by the end of March 2013.
Nigeria LNG Limited is a jointly owned enterprise in the following proportions: Nigerian National Petroleum Corporation (NNPC) owns 49%, Shell Gas B.V. owns 25.6%, Total LNG Nigeria Ltd owns 15% and Eni International owns 10.4%.
NLNG has a capacity to produce 22 million metric tonnes of LNG per year.
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LNG World News Staff, February 20, 2013; Image: NLNG