Nigeria Liquefied Natural Gas Limited, on Wednesday, revealed that the country’s major gas exporter – NLNG, was currently not meeting its gas export obligations to customers, not to talk of signing new long-term gas export contracts.
It, however, pointed out that this was basically due to the grave level of insecurity around gas pipelines and wanton vandalism of gas infrastructure, which had crumbled the export of gas.
Nigeria LNG Limited is one of the world’s top 10 suppliers of LNG, and was incorporated as a Limited Liability Company on May 17, 1989, to harness Nigeria’s vast natural gas resources and produce Liquefied Natural Gas and Natural Gas Liquids for export.
The company is an independent Incorporated Joint Venture owned in the following proportions: Nigerian National Petroleum Company Limited, 49 per cent; Shell Gas B.V. 25.6 per cent; TotalEnegies Gaz & Electricité Holdings, 15 per cent; and Eni International N.A. N.V. S.àr.l, 10.4 per cent.ers | Punch
Speaking on gas exports, during the last panel session on Wednesday at the ongoing 6th Nigeria International Energy Summit in Abuja, the Managing Director, Nigeria LNG Limited, Dr Philip Mshelbila, explained that Nigeria’s gas supply decline grew worse in the last two years.
He stated that while competing nations such as the United States and Qatar were currently signing long-term contracts for gas exports, Nigeria was under force majeure, as it could not meet its obligations to customers, not to talk of signing new contracts.
“Let me get specific around exports. We started this decline in gas supply, it really got bad within the last two years in particular. During that time we had COVID and we then had Ukraine-Russia crisis.
(Upshotreport)