Nigerian Firms Reap Over U.S.$10 Million From NLNG Vessel Contracts?

18 December 2014

Several Nigerian companies taking part in the supply of products for building Nigeria Liquefied Natural Gas (NLNG) Limited's six new ships stand to reap about US$10 million in revenues.

NLNG, via its subsidiary company, Bonny Gas Transport (BGT) Limited, in 2013, contracted the building of the new vessels to South Korean shipbuilders, Samsung Heavy Industries (SHI), and Hyundai Heavy Industries (HHI), and successfully leveraged to include a unique local content clause, which enables the concerned Nigerian companies to benefit from substantial vessel construction material export contracts.

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