Expansion plans by the Nigeria LNG (NLNG) Ltd face a major hurdle as a result of contractual breaches.
NLNG is currently challenging 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 Plc has escalated its dispute with VGL, accusing the natural gas producer of restricting supply access to it and other customers while exporting over $18 billion, costing Shell and other European companies Billions in lost profits. Steve Hill, Shell’s executive vice president, said the breach of contract “is a wake-up call for the industry. The LNG business is underpinned by trust in long term contracts”.
They have been reports on the expansion plans for a further Train 8 to solidify Nigeria LNG’s position as one of the largest single-site operations globally.
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