By Joseph Branch in Economics News —

Nigerian LNG terminal declares force majeure after flooding - Bloomberg

Nigerian LNG terminal declares force majeure after flooding - Bloomberg
Photo by Mateusz Suski / Unsplash

Nigeria LNG Ltd. announced force majeure circumstances for shipments from the LNG plant. The reason: flooding on Bonny Island.

Interestingly, the gas producer was already operating at reduced capacity due to problems with the quality of raw materials.

NLNG is a subsidiary of the Nigerian National Oil Company and European Shell, TotalEnergies and Eni. Reduced supply from Nigeria carries risks for Europe's supply.