NLNG strikes while the iron's hot

Plans are finally in motion to expand Nigeria's LNG export capacity

What better time to ask financial markets to stump up almost $12bn for the long-delayed expansion of the Nigeria LNG (NLNG) export facility and securing its gas supply than just after the company fully repaid $5.45bn of shareholder loans taken out pay for the existing six trains? That was the message underpinning NLNG's presentation to financial institutions and other stakeholders in the City of London in mid-July, at which its chief executive Tony Attah went to pains to stress the company's excellent track record of loan repayments to international lenders over the two decades since the project's inception. The company wants to raise almost $7bn to cover the cost of the construction of Trai