PROJECT – PRE-FINANCING REVIEW, DUE DILIGENCE, AND EVALUATION OF A SMALL SCALE LNG STORAGE & DISTRIBUTION
CLIENT – INFRACREDIT & GLNG
LOCATION – ABEOKUTA, NIGERIA
COST – CONFIDENTIAL
ROLE – TECHNICAL & COMMERCIAL INDEPENDENT
DATE – AUGUST 2020 – NOVEMBER 2020
STATUS – COMPLETED

In supporting the development of a Small Scale Liquefied Natural Gas (LNG) storage and distribution business, as an expansion to an existing Compressed Natural Gas (CNG) supply and distribution business, being run by Green Fuels Limited, an affiliate of Green Liquefied Natural Gas Limited (GLNG), InfraCredit engaged the services of Energy Culture, to carry out an independent techno-commercial evaluation, due diligence and a pre-financing review of the project, in order to validate the value chain activities and viability of the commercial dynamics before
funding is committed. The scope of engagement entailed reviewing and confirming the appropriateness of all the processes that exist between the contracting and the sourcing of natural gas feedstock to liquefaction and delivery of the LNG to various daughter stations (end-user points) within South-Western Nigeria, for regasification. InfraCredit’s strategy for extending financial support to GLNG, has been built on the outcome of the pre-financing review carried out by Energy Culture, which provides an additional measure that confirms viability, before a Final Investment Decision (FID) is taken on the Project.