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Nigeria LNG declares force majeure on Shell shut-down

Reuters

Thu Nov 27, 2008 11:15am EST

LAGOS, Nov 27 (Reuters) – Nigeria Liquefied Natural Gas Ltd (NLNG), supplier of around 10 percent of the world’s LNG, declared force majeure on Thursday after Royal Dutch Shell (RDSa.L: QuoteProfile,ResearchStock Buzz) was forced to shut down one of its feeder plants.

 

“Nigeria LNG Limited has notified its buyers that it will be unable to meet all its obligations because of the impact of the shut down of (Shell’s) Soku gas plant which contributes 40 percent of NLNG’s feed stock,” the firm said in a statement.

(Reporting by Nick Tattersall, Editing by Peter Blackburn)

 

© Thomson Reuters 2008 All rights reserved

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