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Nigeria LNG vessels blockaded in levy dispute


BY SARAH KENT
 
LONDON -- Nigeria LNG tankers aren' t being allowed to enter or depart from the Bonny Island Terminal on the coast of Nigeria, according to the company, following an escalation of a long-standing dispute with maritime authorities over taxes.

The liquefied natural gas company, a joint venture between Nigeria' s state oil company, Royal Dutch Shell, Total and Eni, is at loggerheads with the Nigerian Maritime Administration and Safety Agency over the payment of maritime taxes.

A spokesman for NIMASA confirmed that the agency was preventing the movement of Nigeria LNG vessels.

In a statement, the agency said it took action after Nigeria LNG failed to abide by a settlement the two sides had reached over the taxes. The company said it has paid NIMASA $20 million and has taken the dispute to court.

This is the second time this year the agency has prevented Nigeria LNG tankers from accessing the company' s loading bay on Bonny Island, near Port Harcourt.
Dow Jones Newswires

06/24/2013

 

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