Bergesen Secures $2 Billion LNG Charter with Nigeria LNG
Bergesen will deliver four LNG vessels to Nigeria LNG, generating approximately $2 billion in future revenues. This contract highlights the growing demand for liquefied natural gas transportation as global gas consumption rises significantly.
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Bergesen has contracted to supply four LNG carriers to Nigeria LNG Ltd., potentially generating revenues of around $2 billion over the contract's duration. The vessels are expected to produce an annual charter income of $100 million, with Nigeria LNG planning to utilize them for a minimum of twenty years.
The company, a leader in gas shipping, is capitalizing on increased global natural gas use, which has surged by 22% in the past decade. This growth is in contrast to the slower 13% increase in crude oil consumption, prompting oil firms to transport gas in liquefied form. The long-term charter agreements represent a strategic move for Bergesen in a low-risk investment landscape.
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