Middle East & Africa Price trends

May 2017

The proposed additional tax on Nigeria LNG Ltd could increase the price of LNG offered by Nigeria on the international market.

Nigeria’s House of Representatives passed a bill in May seeking to amend the Nigeria LNG Limited Act to make the company pay the 3% Niger Delta Development Commission levy. There is a strong likelihood the Senate will pass the bill.

NLNG believes the tax will hinder operations at the liquefaction plant’s existing six trains and discourage foreign investment, including that needed to build trains 7 and...

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.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now