Directional impact on forecast:
Bullish on LNG prices
Nigerian LNG exports are feeling the pinch from militant attacks on infrastructure, which have also restricted the country’s exports and production of oil. The problem is being compounded by maintenance at the country’s LNG facilities and weak demand in regions such as Northeast Asia and Latin America.
Nigeria’s declining oil and LNG exports are dampening the country’s economic growth prospects because they account for more than 90% of its total export revenues. Nigeria’s GDP shrank by 2.1%...