MARKET NEWS
Nigeria LNG Plant May See Gas Supplies Climb 12% on Seplat Deal - BLOOMBERG
Africa’s biggest liquefied natural gas plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said.
Under the terms of a preliminary agreement, Seplat will send more than 150,000 tons of gas a month to the Nigeria LNG Ltd. plant, said Effiong Okon, who heads a Seplat subsidiary that operates a key gas project north of the facility. That’s more than 12% higher than last year’s monthly average.
