Business

June 12, 2024

NLNG signs vessel management deal with Temile to boost LPG supply

NLNG

By Obas Esiedesa, Abuja

In a major boost for the transportation of liquefied petroleum gas in Nigeria and the West African sub region, NLNG Shipping and Marine Services Limited (NSML) on Tuesday signed a vessel management agreement with indigenous firm Temile Development Company Limited for the management of shipping vessel, LPG Alfred Temile 10.

The LPG Alfred Temile 10 is a 23,000 cubic metres liquefied petroleum gas vessel owned by Temile Development Company Limited, with NSML designated as the technical vessel manager.

Speaking at an event in Abuja to seal the deal, the Managing Director, NSML, Mr. Abdulkadir Ahmed who described the deal as a “significant milestone”, said it would boost the supply of LPG across the sub-region.

Ahmed explained that the partnership between both companies began in the “construction and delivery to NLNG of the first LPG Vessel, the Alfred Temile in 2020”, and has grown into the delivery of a second vessel.

He said the deal was a testament of the companies’ commitment to operate a modern, efficient and environmentally responsible fleet, adding that with its cutting edge design and technology, the vessel would set a new standard in LPG transportation.

Also speaking at the event, the Chairman/CEO, Temile Development Company, Mr. Alfred Temile and the General Manager, Operations, Douglas Berkheiser said the company intends to deliver another vessel before the end of the year.

According to Temile, delivering the first vessel in 2020 was a huge challenge because there was no Nigerian company playing the marine transportation of LPG at that time.

“At that time, it was not a commercial decision, but a decision of we can do it and now we have done it”, he added

On his part, the Executive Vice President, Gas, Power and New Energy, NNPC Limited, Olalekan Ogunleye, who is also the NSML board chairman, assured Afred Temile that NSML was very capable, and would be given every support to manage any number of vessels the company would deliver.