August 20, 2018

Nigerian LNG heads to UK for the 1st time in 18 months

Nigerian LNG heads to UK for the 1st time in 18 months

Nigerian LNG facility on Bonny Island has shipped its first cargo to the United Kingdom in 18 months.

Shipping data reveals that the 145,926 cbm LNG Enugu built in 2005 by DSME of South Korea is set to dock at Dragon import terminal on March 10.

A report by Reuters says that the converging global gas prices have reduced incentives for shippers to deliver Atlantic-produced supply to Asia.

Nigeria LNG exported around 40 percent of its production to Asia in 2015 with 30 percent of the production ending up in Europe. However, no cargoes have been delivered to the United Kingdom. Read more

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