MISC Forms LNG JV for Nigerian Work

According to a report made public on the Malaysian Stock Exchange, MISC Berhad has entered into a joint venture with Nigerian National Petroleum Corp., Hyundai Heavy Industries Co. ltd. and Deepwater Shipping and Maritime Company to offer Nigerian National Petroleum Corp. a "total LNG business solution for the expanding Nigerian Liquified Natural Gas (LNG) industry."

The duties of the JV will be to provide international marine transportation, sourcing and procurement of LNG cargo, as well as development, financing and operation of the LNG business.