As Flooding Hampers the Supply of Gas, Nigeria LNG Announces Force Majeure.

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Due to significant flooding that has hampered supplies, Nigeria LNG has declared force majeure; according to a company representative.

The statement may make Nigeria’s financial crisis worse and may reduce the amount of gas available globally as Europe and other countries try to replace Russian exports following the invasion of Ukraine in February. NLNG claimed that all of its upstream gas suppliers had announced force majeure, compelling it to do the same.

There have been almost 600 fatalities. In Nigeria, flooding has forced the evacuation of 4 million people and wreaked havoc on the country’s highways and farmland.

The flooding, which was a result of unusually high rains and the discharge of water from a dam in Cameroon, may go into November, according to officials.

Reuters.

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