Nigeria's independent online newspaper
NLNG is currently contesting the enforceability of an arbitral award’s demand order issued by a UK arbitration panel, although a contractual provision makes it final and binding.
Shell’s chief executive, Wael Sawan, is reportedly “very disappointed” with VGL over the non-delivery of contractual gas volumes from its Calcasieu Pass export project in Louisiana.VGL’s actions could undermine confidence in US LNG supplies, Sawan is quoted as saying, accusing the company of choosing to send cargoes into the often lucrative spot market.
The Spanish utility giant Endesa is involved a $585 million arbitration over a long-term Nigeria LNG supply contract.Nigerian LNG is currently on its expansion plans with the award for the EPC contracts for its Train 7 project to Saipem, Chiyoda and Daewoo, with an expectation to increase its capacity by 35 percent from the extant 22 million tonnes per annum .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Train 8: Nigeria LNG expansion plans threatened by contract breachesThe Nation Newspaper Train 8: Nigeria LNG expansion plans threatened by contract breaches
Read more »
Shell files complaints against Venture Global LNG for breach of contractShell Plc has lodged complaints with US regulators against Venture Global LNG (VGL) for failing to fulfill their contract to supply LNG cargoes. Similar supply disputes are also being faced by Nigeria LNG Ltd (NLNG), which is currently challenging an arbitral award demand order in a UK high court. The surge in disputes is believed to be a result of unexpected profits in the LNG market due to the Russia-Ukraine conflict, post-Covid market recovery, and high demand in Asia and European markets.
Read more »
‘Many countries now want to train their wrestlers in Nigeria’Daniel Igali is one of the best known faces in international amateur wrestling. The retired wrestler, who won a gold medal for Canada at the 2000 Olympic Games in Australia, has been President of the Nigerian Wrestling Federation (NWF) for the past 11 years.
Read more »
Passengers Struggle to Book Train Tickets in NigeriaPassengers in Nigeria are facing difficulties in booking train tickets as all seats are being booked in advance, leaving many without a ticket.
Read more »
The abducted children of Kuriga and other stories, By Reuben AbatiPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Leadership and accountability, By Toyin FalolaPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »