Nigerian lender GT Bank and BNP Paribas have been selected by Nigerian Liquefied Natural Gas Company (NLNG) to raise US$1.6bn for the purchase of six LNG carrier ships
According to a report on Nigerian daily Business Day, the loan was structured as medium- to long-term funding.
The banking source said the fundraising was expected to close by the end of March 2013.
NLNG had mentioned in 2012 that it contacted global lenders to appoint financial advisers to help determine the best way to raise funds.
It added that it needed funds from the international market to expand operations of one of its subsidiary, Bonny Gas Transport Limited.
Nigeria LNG Limited is jointly owned by state-owned Nigerian National Petroleum Corporation (49 per cent), Shell Gas B.V. (25.6 per cent), Total LNG Nigeria (15 per cent) and Eni International (10.4 per cent).
