Nigeria’s exports of liquefied natural gas saw a significant decline of 20 per cent last week, following an attack by suspected vandals who damaged crucial pipelines.
This disruption severely affected gas supplies to the country’s LNG plants, leading to a sharp reduction in production and exports, a report by Bloomberg stated on Thursday.
The hit on the country’s LNG exports is due to persistent vandalism and sabotage of pipelines in the Niger Delta region.
The report stated that the sabotage and vandalism has curtailed gas supplies to its plant and is affecting scheduled shipments.
The development indicates that the Federal Government is likely to lose projected revenue remittance from the company to fund its N49.74tn 2025 budget.
The NLNG’s General Manager for external relations and sustainable development, Sophia Horsfall, in an email response said, “The loss of facilities due to vandalism and sabotage impacts feed-gas supplies to NLNG and delivery timelines.”
It was noted that shipments planned for exports next month may be delayed for at least 10 days due to the substantial loss of pipeline vandalism.
