LNG

The Emerging Africa Infrastructure Fund (EAIF) said it had agreed a loan deal with a project company in West Africa, adding the last block in a financing arrangement for a floating LNG terminal at the port of Tema in Ghana, which has almost been completed.

Ghana has signed an agreement for the nation to receive liquefied natural gas cargoes for a period of 15 years from West African neighbour and producer Equatorial Guinea as it awaits several planned import facilities to finally be completed.

Hoegh LNG, the Norwegian fleet owner and floating project developer, said it signed a contract to supply a vessel to be deployed as an import terminal for a project near the port of Tema in Ghana, one of two planned for the West African state.