NLNG has engaged local contractors in building $1.6bn vessels – Official


Nigerian Liquefied Natural Gas (NLNG) has engaged local contractors to paint, supply cables and carpentry works required to build LNG ships worth $1.6 billion, The Guardian reports.

The company’s General Manager, External Relations, Kudo Eresia-Eke, who made this known in an interview with journalists in Lagos, said that the six vessels are being constructed by two ship builders, Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in South Korea.

He stated: “We had a deal to build six new ships with HHI and SAMSUNG of about $1.6 billion. We then insisted that as part of the local content drive, they should make sure that all the paints, arnolds, cables and carpentry works required to build the ships would have to be supplied by Nigerian companies.”

“Having had them commit to that, we then came to Nigeria and looked out for companies that could meet up or almost meet up to those standards and then helped them to attain that standard that can be accepted for exports. All that has been done and we [also] helped them to raise foreign exchange from such projects.”