Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria LNG’s force majeure declared in October to continue

    Nigeria LNG’s force majeure declared in October to continue

    August 9, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    *NLNG.

    Yenagoa — Nigeria LNG on Wednesday said the force majeure it declared in October 2022 due to widespread flooding that disrupted supply is continuing.

    Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting obligations.

    “The force majeure still subsists as the unavailability of upstream gas suppliers’ major liquids evacuation pipelines, occasioned by sabotage and vandalism, still impacts feedgas supplies,” NLNG spokesman Andy Odeh said in an emailed response to a Reuters enquiry.

    Odeh said that “NLNG continues to collaborate with its customers to minimise the impact of the consequent gas supply shortage”.

    The company did not cancel cargoes despite the force majeure, which was only pre-emptive to protect it and notify clients if the situation persists for much longer, two sources told Reuters at the time.

    NLNG, with a production capacity of 22 million tonnes per annum, delivers most of its shipments to clients in Europe including Galp and Endesa with whom it has long-term contracts. It also operates over 70 spot agreements across major LNG markets.

    *Tife Owolabi; Elisha Bala-Gbogbo; Editing: Jan Harvey, Jane Merriman & Jonathan Oatis – Reuters

    Related News

    Nigeria rallies economic team to counter US 14% tariff threat

    Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

    Nigeria launches trade intelligence tool, air cargo corridor to boost AfCFTA exports

    E-book
    Resilience Exhibition

    Latest News

    Nigeria rallies economic team to counter US 14% tariff threat

    May 28, 2025

    Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

    May 28, 2025

    Nigeria launches trade intelligence tool, air cargo corridor to boost AfCFTA exports

    May 28, 2025

    Nigeria commits N1trn to solid minerals exploration in bold push for global investment

    May 28, 2025

    Tinubu’s faces economic test as ALSCON closure costs hit $8.54bn

    May 28, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.