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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Exports from Africa’s five main LNG exporters – Algeria, Angola, Egypt, Libya, and Nigeria – declined in February, although the region remains optimistic for its production outlook, Platts said.
- Combined LNG exports from these five exporters totalled 2.67m mt in February, compared to 3m mt in January. However, January volumes were the highest since May.
- Shipments from Nigeria were down 16% on the month after hitting a two-year high in Jan.
- Nigeria is Africa’s largest exporter. While its NNLNG facility has been under force majeure since Oct. 2022, although the facility continues to produce and export LNG.
- Nigeria also plans to add a seventh train to take capacity from the current 22.5m mtpa to 30m mtpa.
- Although Libya’s LNG exports have been scarce, Platts’ analysts said that the the Gulf of Sirte's Treila well is among the most promising for 2024 or 2025.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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