Monday 12 October 2015

NIGERIA LNG REVENUES THREATENED AS ASIAN PRICES COLLAPSE

Nigeria LNG revenues threatened as Asian prices collapse Nigeria’s ability to cushion the fiscal blow from lower oil prices through higher gas earnings is being threatened as Asian LNG prices collapse. Nigeria LNG Ltd. (NLNG), Africa’s largest liquefied natural gas export terminal, had increasingly turned to Asian markets to sell its products due to lower European spot prices and surging output by United States shale producers.

Read more @ Businessday Online

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