Market News
Thieves Risk Fire, Explosions to Tap Nigerian Pipelines For Fuel - BLOOMBERG
Gangs of thieves are tapping the pipelines that feed Africa’s biggest liquefied natural gas plant, collecting condensate — a hydrocarbon more desirable locally than crude — in a dangerous pursuit that’s sent Nigeria’s LNG exports plummeting.
Criminal groups have for decades targeted the oil pipelines that criss-cross the country’s Niger Delta region, but a government crackdown on crude theft has driven them to gas conduits where they seek an ultra-light form of oil that’s easy to process at makeshift refineries.
