Connect with us

News

Vandalism Cuts NLNG’s Gas Supply by 80%, Threatens Global Exports

Published

on

A new report has revealed that vandalism has severely disrupted operations at the Nigeria Liquefied Natural Gas (NLNG) Limited facility on Bonny Island, slashing natural gas supplies by 80% and limiting the company’s ability to meet both domestic and international demand.

The report, published by Bloomberg, highlights how persistent sabotage and vandalism have crippled key infrastructure, reducing the facility’s gas supply to a mere 20% of its required capacity. As a result, Nigeria’s only LNG export plant has been forced to scale down production significantly, with just two out of its six processing units currently operational.

The crisis was underscored by NLNG’s Chief Executive Officer, Philip Mshelbila, during the Nigeria International Energy Summit in Abuja last week. Mshelbila disclosed that three of the facility’s vital gas pipelines have been shut down due to vandalism, hampering operations and disrupting gas exports.

Global Implications of Nigeria’s LNG Decline

The Bloomberg report warns that the continued decline in Nigeria’s LNG output could have far-reaching consequences on the global energy market, particularly in Asia and Europe, where supply is already tightening. In 2024, nearly half of Nigeria’s LNG exports were directed to Asia, a third to Europe, and the remainder to the Americas and the Middle East. However, fresh data compiled by Bloomberg indicates that Nigeria’s LNG exports plunged by 40% in February alone due to pipeline destruction by suspected vandals.

The crisis has also led to delays in scheduled shipments for March, with reports suggesting a minimum postponement of 10 days. Industry stakeholders, including Shell Plc., the Nigerian National Petroleum Corporation (NNPC), TotalEnergies, and Eni, are closely monitoring the situation, given their vested interests in NLNG.

Legal and Financial Repercussions

In a related development, a London court last Wednesday ordered NLNG to pay $380 million in compensation to two commodity traders, Vitol and Glencore, over its failure to deliver contracted LNG cargoes. The ruling comes amid concerns that prolonged disruptions could further strain the company’s financial standing and dent Nigeria’s credibility in the global energy market.

Efforts to obtain comments from Shell and NLNG representatives regarding the dwindling gas supply were unsuccessful, as both companies’ spokespersons did not immediately respond to inquiries.

NLNG’s Mission Under Threat

Established to harness Nigeria’s vast natural gas resources, NLNG was incorporated as a limited liability company to produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGL) for both local and international markets. However, the continued wave of vandalism threatens to undermine this mission, putting Nigeria’s energy sector under increased pressure.

As global energy markets brace for potential shortages, stakeholders are calling for urgent interventions to secure Nigeria’s gas infrastructure and prevent further damage to the country’s LNG export capacity.

Comments

News

Independence: Alli celebrates Nigeria at 66, seeks support for Tinubu, APC candidates

Published

on

The Oyo State governorship candidate of the All Progressives Congress (APC), Senator Sharafadeen Abiodun Alli, has urged Nigerians to renew their faith in the country and support President Bola Tinubu and other APC candidates in the 2027 elections.

Alli made the call in his Independence Day message issued in Ibadan on Thursday to mark Nigeria’s 66th Independence Anniversary.

The APC candidate said the anniversary was not only a moment to celebrate the country’s freedom but also an opportunity for citizens to reflect on the sacrifices of the nation’s founding fathers and the responsibility of the present generation to build a better Nigeria.

He urged Nigerians to remain united and patriotic, saying the country’s challenges could be overcome through responsible leadership, collective action and commitment to national development.

Alli also appealed to Nigerians to support the Tinubu administration’s economic reforms, saying the government needed the cooperation of citizens to move the country from economic stabilisation to increased production, investment and shared prosperity.

He said, “We must never lose faith in Nigeria. Despite the challenges confronting the nation, our country remains endowed with enormous human and natural resources capable of making it one of the most prosperous nations in the world.”

The former senator particularly urged the people of Oyo State to support Tinubu and other APC candidates in the 2027 elections.

According to him, having an APC-led government in Oyo State would provide an opportunity for closer coordination between the state and Federal Government in the implementation of development programmes.

Alli said his aspiration to govern the state was driven by a desire to provide purposeful, inclusive and people-centred leadership.

He listed education, security, healthcare, agriculture, infrastructure, youth empowerment, economic development, workers’ welfare and local government autonomy among the areas his administration would prioritise if elected.

He said the state had significant potential in agriculture, commerce, industry, tourism and human capital, but required deliberate policies to translate those advantages into opportunities for its people.

“We are seeking the mandate to build an Oyo State where our children can receive quality education, our farmers can produce without fear, our young people can find opportunities and our communities can benefit from meaningful infrastructure.

“Our campaign is not about political power for its own sake. It is about service, development and restoring greater confidence in the ability of government to improve the lives of our people,” Alli said.

The APC candidate also called on members of the party across the 33 local government areas and 351 wards of the state to close ranks and work collectively for the success of the party’s candidates.

He urged party members to see the senatorial, House of Representatives and House of Assembly candidates as members of one team working towards advancing the interests of Oyo State.

Alli congratulated President Tinubu, the Federal Government, state and local governments as well as Nigerians on the Independence anniversary.

He prayed for peace, security and prosperity in the country and urged citizens to remain hopeful and committed to the task of nation-building.

Continue Reading

News

‘Today, we celebrate Olubadan Ladoja’s wisdom, service at 82’ – Oseni

Published

on

Oyo South Senatorial Candidate of the All Progressives Congress (APC), Hon. Aderemi Oseni has congratulated the Olubadan of Ibadanland, Oba Rashidi Ladoja, on his 82nd birthday.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives, in a statement issued by his media aide, Idowu Ayodele, on Friday, described Oba Ladoja as an elder statesman whose years in public service had left a mark on Oyo State.

According to the lawmaker, Olubadan ‘s birthday is an opportunity to celebrate his long years of service and his contributions to the development of Ibadan and the state.

He said, “I warmly congratulate Kabiyesi, Oba Rashidi Ladoja, on his 82nd birthday. Eighty-two years is no small achievement. Beyond the celebration, it is a time to appreciate a life of service, experience and commitment to the people.

“Kabiyesi has served in different capacities and has remained an important figure in the history of Oyo State. Today, we celebrate his wisdom, experience and contributions to Ibadanland.”

The APC chieftain said the monarch ascension to the throne of Olubadan had added another dimension to his years of service to the people.

He said the traditional institution remained central to the history and identity of Ibadanland.

“Leadership comes with responsibility, and Kabiyesi has taken on this responsibility at a very important stage of his life.

“As he clocks 82, I pray that God will continue to give him good health, wisdom and the strength to serve his people. I wish Kabiyesi many more years in good health and peace. May his reign continue to bring unity and progress to Ibadanland,” Oseni said.

Continue Reading

News

Oyebanji gives security agencies 100 vehicles for state police take-off

Published

on

The Ekiti State Governor, Biodun Oyebanji, on Monday handed over 100 operational vehicles to security agencies in the state to strengthen patrols, improve response to distress calls and support the eventual take-off of the state police.

The vehicles were presented to the heads of the various security agencies at a ceremony held at the Osuntokun Pavilion, Government House Grounds, Ado-Ekiti.

Oyebanji said the intervention was part of his administration’s sustained efforts to strengthen the state’s security architecture and protect the lives and property of residents.

According to him, the vehicles are expected to enhance the mobility of security personnel, increase visibility across communities and improve their ability to respond swiftly to emergencies.

The governor said the latest intervention was coming about two years after his administration distributed patrol vehicles, Armoured Personnel Carriers, bulletproof vests, helmets and other security equipment to security agencies in the state.

He said, “Lined up here are 100 units of security vehicles, primarily for operations and mobility of your personnel and the eventual take-off of the state police outfit.”

Oyebanji added that the state government would continue to provide financial and logistical support to security agencies, including its regular monthly assistance and efforts to strengthen state-owned security institutions.

The governor charged the security agencies to make effective use of the vehicles, warning against poor maintenance and unprofessional conduct.

He said the additional vehicles should translate into more frequent patrols, greater security presence, faster response to distress calls and improved operational efficiency.

Oyebanji also urged security agencies to intensify intelligence gathering and make better use of surveillance technology available in the state.

He stressed the need for closer cooperation among the agencies, saying no security formation could effectively tackle emerging threats by operating in isolation.

The governor said the security agencies must remain vigilant as the state moves into a period of increased political activities and preparations for the 2027 elections.

“As we move towards our inauguration ceremony next month and elections in another four months to come, all hands must be on deck to ensure that Ekiti State continues to remain safe and secure,” he said.

Oyebanji commended the security agencies for their sacrifices and collaboration, which he said had contributed to the peace being enjoyed in the state.

He said his administration remained committed to ensuring that Ekiti retained its reputation as one of the country’s safest states.

The governor also called on residents to continue supporting security agencies by providing useful information and cooperating with them to safeguard their communities.

Continue Reading

Trending