Currently, NLNG’s gas feedstock supply only meets about 60 per cent of its potential output. Managing Director/Chief Executive Officer of NLNG, Dr. Philip Mshelbila, made this submission at the ongoing 42nd NAPE Annual International Conference & Exhibition held in Lagos.
Nigeria’s revenue share from Nigeria Liquefied Natural Gas (NLNG) Limited has plummeted by 43 percent due to persistent gas supply challenges, leaving several industry experts increasingly worried about the mounting headwinds plaguing the country’s economic lifeblood: the oil and gas sector.
The force majeure put in place by the biggest gas exporter in Nigeria more than 15 months ago has left several industry experts increasingly worried about the mounting headwinds plaguing the country’s economic lifeblood: the oil and gas sector.