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Free AccessNigerian March LNG Exports Slump
Average LNG shipments from Nigeria’s Bonny Island facility so far in March are around a third below January-February levels, Bloomberg ship tracking data showed.
- The decline in exports is due to lower supplies via the Trans Niger Pipeline, an oil pipeline that also impacts gas flows.
- “The TNP’s performance has been erratic over the past two years, and this has had some adverse impact on feed gas supply to NLNG,” Andy Odeh, NLNG’s general manager for external relations and sustainable development, said.
- The firm is fulfilling its contractual obligations, he said.
- LNG shipments improved in January and February, which allowed Nigeria LNG to offer additional shipments to long-term buyers.
To read the full story
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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.