Middle East & Africa Price trends

April 2017

Nigeria LNG (NLNG) is renegotiating the contracts for its first three trains and could offer more flexible terms to buyers.

NLNG’s three trains have a combined liquefaction capacity of 9 mtpa, and long-term supply contracts account for 7.82 mtpa of this. All of these contracts are for 20 years or more and are due to expire by 2024. The prices are oil-indexed, but most of the contracts are unlikely to be renewed under the existing terms. The LNG market is expected to remain oversupplied until at...

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