LPG: Nigerian, Korean firm sign deal to build vessel

A Nigerian firm, Nigerian Temile Development Nigeria Limited has signed a contract with a South Korean firm, Hyundai Mipo Dockyard (HMD).

The deal is for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas Carrier Vessel.

HMD also signed another deal with NSML, a subsidiary of Nigeria LNG Limited, for the construction supervision of the 23,000 cubics LPG/NH3/VCM Carrier at HMD.

The firm’s Chief Executive Officer, Alfred Temile, said the pacts were signed in Daegu, South Korea.

He said that the new LPG carrier will be delivered, hopefully on July 26, 2023, at HMD in Ulsan, Korea.

Temile added: ‘’We are delighted to execute the construction of our new LPG carrier with HMD, bringing onboard NSML to supervise the construction, as an indigenous company this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards.

“Working with HMD again makes us feel in very safe hands as we are confident that this eco-design/cleaner fuel vessel shall be constructed in line with international best practices and industry regulations thereby creating a space for the vessel in the international gas supply value chain.

“Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Limited for domestic LPG supply, we look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry.’’



Please enter your comment!
Please enter your name here