Nigeria’s much delayed Brass LNG has secured a $2 billion loan from Japanese financiers.
News agency Bloomberg reported Monday that state energy giant Nigerian National Petroleum Corporation plans to accept the cash from a group led by the Japan Bank for International Cooperation.
Reports said LNG Japan, Itochu and Sojitz had also teamed up on the arrangement of the loan.
They quoted NNPC spokesman Levi Ajuonuma as saying a final investment decision on the much delayed 10 million tonnes per annum Brass LNG would be taken in the first quarter of 2012.
LNG
