Nigerian gas company to acquire vessel from Korean company

Published November 6th, 2000 - 02:00 GMT

The Nigerian Liquefied Natural Gas (NLNG) company has asked a South Korean company to build a third ship to deliver gas to its European customers, an official statement said Sunday. 

 

The Bonny Gas Transport Company, a subsidiary of the NLNG on Friday awarded the contract to Hyundai Heavy Industries of Korea to build a vessel identical to the previous two, the NLNG said in the statement. 

 

Each of the ships is 288 meters (950 feet) long, has a capacity of 137,300 cubic meters (1.48 million cubic feet) and is fitted with four independent spherical tanks, the text said. 

 

The statement did not give the worth of the contract.This third carrier is expected to be delivered by the end February 2003. The third production plant of the NLNG, currently under construction on Bonny Island, southern Nigeria, is expected to come on stream in October 2002.  

 

The company's first shipment of liquefied natural gas took place in October last year and since then NLNG has delivered cargoes to its long-term customers in Europe and five spot cargoes to the United States. 

 

The NLNG's shareholders are the Nigerian National Petroleum Corporation (49 percent), Shell (25.6 percent), Cleag Limited, a subsidiary of TOTAL/FINA/ELF (15 percent), and AGIP (10.4 percent). 

 

The NLNG has 22.5 year-sales/delivery contracts with ENEL of Italy, ENAGAS of Spain, BOTAS of Turkey, Gaz de France and TRANSGAS of Portugal.—AFP. 

©--Agence France Presse. 

 

© 2000 Mena Report (www.menareport.com)

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