NIGERIAN FIRMS TO REAP $1.8BILLION FROM NLNG’S VESSEL BUILDING CONTRACTS

Several indigenous companies taking part in the supply of products for building Nigeria Liquefied Natural Gas (NLNG) Limited’s six new ships, are expected to realise about $10 million (N1.8 billion) in revenues.

According to a statement signed by NLNG’s General Manager, External Relations Division, Kudo Eresia-Eke, the company, 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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