Nigerian LNG facing ‘war risk’ insurance premiums

By Miriam Malek 4 May 2017
  • Twitter logo
  • LinkedIn logo
  • facebook logo
  • Email logo
An LNG carrier off Nigeria. The price of cargoes from the country could be subject to high charges. (NLNG) An LNG carrier off Nigeria. The price of cargoes from the country could be subject to high charges. (NLNG)

Ongoing violence in the Niger Delta means vessels loading or delivering oil and gas at some Nigerian ports are required to pay ‘war risk’ insurance premiums, a Lagos-based lawyer told Interfax Natural Gas Daily.

The premiums are likely to affect the Bonny Island LNG plant and any vessels travelling to or from it, said the source, who wished to remain anonymous. The 22 mtpa liquefaction facility is on the outskirts of the delta.

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up