Trump China Tariffs Set to Unleash Supply Shock on U.S. Economy
President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.
A ship berths near the Nigeria Liquified Natural Gas company (NLNG) near Finima village, during an aerial tour by the Royal Dutch Shell company, in Bonny March 22, 2013. Image (c) REUTERS/Akintunde Akinleye
ABUJA, May 17 (Reuters) – Nigeria LNG has declared force majeure on liquefied natural gas exports from its 22 million tonnes-a-year terminal after a leak at a Royal Dutch Shell facility, the Nigerian company said on Friday.
Shell declared force majeure on gas supplies to the export terminal on Wednesday, blaming a leak along the Eastern Gas Gathering System near Awoba in Rivers State. Around 1.5 billion standard cubic feet of gas per day is impacted, it said.
The move comes barely a month after force majeure on supplies to the plant was lifted on April 18, and at a time when Shell is reporting rising cases of sabotage and oil theft.
(c) 2013 Thomson Reuters, Click For Restrictions
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