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Nigeria To Suffer Revenue Dip As NLNG Shuts Gas Processing Plant
Fred Omotara, Lagos
The declaration of force majeure by the Nigeria Liquefied Natural Gas (NLNG) Ltd will surely affect Nigeria’s revenue, industry expert told kadecommunicationng on Tuesday.
Recall that the NLNG, in a statement by its Spokesman, Andy Odeh had said that the company declared force majeure on shipments from its Bonny Island liquefied natural gas facility after supplies were cut off by flooding.
“The notice by the gas suppliers was a result of high flood water levels in their operational areas, leading to a shut-in of gas production which has caused significant disruption of gas supply to NLNG,” company spokesman Andy Odeh said by email Monday.
Speaking with kadecommunicationng on Tuesday, a business analyst, Mr. Vincent Nwani explained that shutting down all six liquefied trains will surely affect Nigeria’s revenue drive.
“The NLNG has shut its 22 Million Metric Tonne gas processing plant due to the flooding ravaging the Niger Delta.
“A Force Majeure was declared on all 6 liquefaction trains as flooding is disrupting feedstock from upstream gas suppliers . This will affect Nigeria’s revenue, no doubt,” Mr. Nwani told kadecommunicationng