MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Nigeria LNG Availability To Recover After 40-Year Low: NLNG

LNG

Nigeria has been seeing an improvement in oil pipeline availability since the government and state oil firm NNPC LTD stepped-up efforts in August to fight pipeline theft, Nigeria LNG said.

  • Monthly oil production fell to the lowest level since 1980 in August, below 1mn p/d, amid pipeline theft, also weighing on gas availability, as the majority of Nigeria’s gas comes as a by-products of oil output.
  • In August, the government and NNPC launched efforts to avoid further theft by hiring protection for the pipelines.
  • “We have begun to see improvement in the availability of key crude oil transportation trunklines. If this trend is sustained, we expect it will support improved gas supply to NLNG once currently flooded oil and gas infrastructures becomes accessible," NLNG spokesman Andy Odeh said to Reuters.
  • NLNG’s current Train 7 project has been 32% completed and will increase output from 22mtpa to 30mtpa. The plant is expected to be commissioned by 2025.
    • Energy BulletsCommodities
    Energy BulletsCommodities

    To read the full story

    Close

    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.