Nigeria LNG Pays $140M To End Port Blockade

Law360, New York (July 12, 2013, 4:53 PM EDT) -- Nigeria LNG Ltd. said Friday that it had agreed to pay Nigeria's maritime regulator $140 million in levies to lift a three-week blockade on the company's liquefied natural gas ships, but said it was doing so under protest and would continue to challenge the fees as unjustified.

The Nigerian Maritime Administration and Safety Agency has been preventing NLNG's ships from leaving port since June 21 over the company's failure to pay overdue statutory payments, a delay the company said had cost it $475 million.

NLNG has...
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