12 August 2016, Lagos – The Shell Petroleum Development Company of Nigeria Ltd, SPDC, on Friday declared force majeure on exports of Bonny Light, Nigeria’s reference crude oil grade, the second time in three months.
This is coming four days after the oil major declared force majeure on gas supply to the Nigeria LNG’s export facility on Bonny Island following a leak on the Eastern Gas Gathering System pipeline through which Shell supplies the bulk of its gas to NLNG.
Force majeure is a legal clause that allows companies to cancel or delay deliveries due to unforeseen circumstances.
The Media Relations Manager, SPDC, Mr. Precious Okolobo, told our correspondent that the declaration of the force majeure on Bonny Light was as a result of the shutdown of the Nembe Creek Trunk Line by the pipeline operator, Aiteo following a leak.
Shell had on July 7, 2016 lifted the force majeure it declared on Bonny Light exports on May 10.
- Punch
