Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » UK’s Gasoil raises $20m for Benin LNG project

    UK’s Gasoil raises $20m for Benin LNG project

    March 7, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    07 March 2013, Lagos – UK’s company, Gasol, has drawn down $20 million from a new bond instrument to fund initial development work and studies for its liquefied natural gas, LNG, import project in Benin Republic.

    Chief operating officer, Alan Buxton, said that securing the bond from institutional investors in a tight credit market was “a very strong endorsement” of its strategy.

    The West Africa-focused outfit aims to line up gas supply to feed into the 678-kilometre West African Gas Pipeline to markets it sees as under-supplied in Benin, Togo and Ghana.

    Gasol is aiming to develop gas markets in West Africa through LNG import
    projects prior to commercialising its own resources.

    The $20 million draw-down is part of a multi-tranche, unsecured bond instrument worth up to $100 million, with a 10% interest rate and maturity of three years.

    Related News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    WTO hails Nigeria Customs as continental model for trade facilitation

    E-book
    Resilience Exhibition

    Latest News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    June 29, 2025

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    June 29, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 29, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 29, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.