Nigeria LNG finances its gas project without soliciting shareholders

Nigeria LNG finances its gas project without soliciting shareholders

At a cost of $5.7bn, the financing for the joint project bringing together Total, Shell and Eni will draw on the partially state-owned company’s resources and hybrid corporate financing from 31 Nigerian and foreign lenders. Saipem is leading the construction consortium.

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            ▪ Nigeria LNG finances its gas project without soliciting shareholders

▪ At a cost of $5.7bn, the financing for the joint project bringing together Total, Shell and Eni will draw on the partially state-owned company’s resources and hybrid corporate financing from 31 Nigerian and foreign lenders. Saipem is leading the construction consortium.

https://www.africabusinessplus.com/en/804474/nigeria-lng-finance-son-projet-gazier-sans-solliciter-ses-actionnaires/

In the midst of the health crisis and a depressed energy market, the partially state-owned gas company Nigeria LNG remains on a strong footing and the same can be said of its lenders.

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