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Free AccessNigeria LNG Force Majeure Could Impact One October Cargo
Force majeure by Nigeria LNG due to flooding may affect one LNG cargo scheduled for the end of October delivery according to Galp.
- “We’ve heard” there is some impact on the cargo. “Whether it’s a delay or a cancellation we’re not quite sure,” according to the Galp CEO. Galp are not currently expecting further impacts in November.
- Nigeria supplies around 50% of Portugal’s LNG volumes. Portugal's environment and energy minister Duarte Cordeiro said last month his country could face supply problems this winter if Nigeria does not deliver all the scheduled LNG.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.