December 8, 2014
BonnyGas Transport Ltd and Nigeria LNG Ltd. have taken steps before the Court in NewYork to protect their vessel LNG FINIMA and other assets from arrest orattachment by competing claimants seeking payment for the same parcel of fueldelivered to the vessel, after insolvency of the OW Bunker company contractedwith left the physical supplier unpaid.
The invoiced amount is being paid into Court to be released to the partyadjudged entitled to receive it, and in the meantime no steps can be takenagainst any Bonny Gas or NLNG assets.
This renders redundant an arrest order obtained last week by the physicalsupplier in Louisiana, and operations in the Bonny Gas fleet should be able tocontinue normally and without interruption by any of the competing claimants.
NLNGis owned by four shareholders, namely, the Federal Government of Nigeria,represented by the Nigerian National Petroleum Corporation, NNPC (49%), Shell Gas BV, SGBV, (25.6%), Total LNGNigeria Limited (15%), and Eni International (N.A,) N. V. S. a. r. l (10.4%).
GeneralManager, External Relations Division