Old plants have edge over new – NLNG exec
A Nigeria LNG tanker. The company is upbeat about its prospects. (NLNG)
Interfax spoke to Kudo Eresia-Eke, general manager of external relations at Nigeria LNG, at the World LNG Summit in Rome about the big changes the market is set to undergo and how the company will respond to them.
Interfax: A large number of new LNG projects are set to come online over the second half of the decade, adding substantial supply to the market. The first of Nigeria LNG’s long-term contracts are set to expire in the early 2020s. Are you concerned that it will be difficult to renegotiate contracts with so many new sources of supply?