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Natural gas supplying Nigeria LNG (NLNG) Ltd. has fallen 80% to one-fifth of the massive plant’s needs, with only two of the facility’s six processing trains currently functional according to a Bloomberg report.
Vandalism and sabotage have curtailed operations at the plant and curbed exports of liquefied natural gas, or LNG and three gas pipelines are down, Chief Executive Officer Philip Mshelbila said last week.
Declining output from Nigeria’s only LNG facility could trigger higher spot prices as global supply to Asia and Europe tighten. In 2024, almost half of Nigeria’s LNG exports went to Asia, with another third going to Europe and the remaining to the Americas and Middle East.
Nigeria’s LNG exports declined by 40% in February from the previous month, according to data.
Shell Plc. is one of the stakeholders in Nigeria LNG, along with Nigerian National Petroleum Corp., TotalEnergies and Eni.
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