NIGERIA and African Export Import Bank, Afreximbank, signed an agreement targeted at funding the nation’s $200 million Liquefied Natural Gas, LNG project, located in Bayelsa State.
The agreement was signed at the ongoing African Energy Week, AEW, in Cape Town, South Africa by Afreximbank and the project promoters – AlphaDen Energy and Oilfield Limited – for the construction of a 20 million standard cubic feet per day gas processing facility.
Under the terms of the agreement, Afreximbank would provide 70 per cent of the fund, leaving 30 per cent for the project promoters.
Source: Vanguard News
Read more: https://www.vanguardngr.com/2023/10/nigeria-signs-deal-with-afreximbank-to-fund-200m-lng-project/
