LNG: Nigeria’s Seplat Eyes Gas Supply to Nigeria LNG: Platts
Nigerian producer Seplat Energy is in discussions to supply gas to the Nigeria LNG plant under a new agreement, aiming to boost feedstock deliveries, Platts said.
- The LNG facility has been operating below its 22m mtpa capacity due to pipeline sabotage.
- Seplat, following its late 2024 acquisition of ExxonMobil's assets, hopes to bridge the supply gap with gas from its ANOH Gas Processing Plant, expected to come online later in 2025 with a 300 mcf/d capacity.
- The Nigeria LNG plant has been under force majeure since October 2022 due to flooding and pipeline vandalism, limiting operations to two out of six trains.
- Despite these challenges, Nigeria has exported 6.9m mt of LNG in 2025 so far. The NLNG plant is undergoing expansion to increase capacity to 30 million mt/year.
- The 22m mtpa NLNG facility at Bonny Island is currently being expanded to 30m mtpa with the addition of a seventh train.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GILT AUCTION PREVIEW: On offer next week
The DMO has announced it will be looking to sell GBP4bln of the 4.50% Mar-35 Gilt (ISIN: GB00BT7J0027)at its auction next Tuesday, April 15.
STIR: BLOCK UPDATE: Jun'25 SOFR Call Spread
- 37,000 SFRM5 96.50/97.25 call spds from 5.0 to 4.5 ref 96.015 to 96.00
UK: Starmer Faces Qs On Growth, Welfare Reforms & Health @ Liaison Committee
Prime Minister Sir Keir Starmer is delivering evidence before the House of Commons Liaison Committee, the seniormost select committee composed of other select committee chairs. Livestream here. The ostensible focus of the hearing is on 'growth, welfare reforms and health', but issues including US tariffs and the rumours of the gov't contemplating the nationalisation of British Steel have also been raised.
- Indeed, the first question came on tariffs and the UK response. Starmer says the UK should not "jump in with both feet" on retaliatory tariffs, but that all options remained on the table.
- On British Steel, PM says gov't is in the "middle of discussions" and "committed" to ensuring continued UK steel production. Starmer says gov't has a GBP2.5bln fund for the sector, with "all options on the table" for protecting the Scunthorpe plant at risk of closure.
- Asked on balancing cutting regulation to boost growth and protecting consumer safety, Starmer says "There's a large chunk of growth we can get by stripping away regulation". Says there need to be checks and balances, but "all of us, myself included, are pretty frustrated by how long things take".
- Of the 11 committee chairs quizzing Starmer today, nine are MPs from Starmer's centre-left Labour party, with one from the centre-right Conservatives and one from the centrist Liberal Democrats. With such a high proportion of chairs coming from his own party the PM may be afforded an easier ride than past PM's with narrower majorities.
