Nigeria LNG is scouring the market for $1 billion to help fund the acquisition of six LNG carriers to serve its export plant.
The developer is in talks with global banks and is in the process of hiring financial advisors to oversee the loan process, the company told Reuters.
"We have contacted global banks from which we will choose a financial adviser who will give us the best option through which we will raise at least a $1 billion loan to acquire six LNG carriers for our operations," said NLNG general manager for external relations Siene Allwell-Brown.
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