Africa Economy Energy Export Fuel Gas Natural Resources Nigeria Oil Trade

Nigeria to export two LNG cargoes in May

Nigeria Liquefied Natural Gas (NLNG) has offered two cargoes of liquified natural gas for sale at the international market next month, according to shipping schedule.

The average LNG price for May delivery into northeast Asia LNG-AS is estimated at around $1.95 per million British thermal units (mmBtu) about $0.35 per mmBtu lower than the estimate last week.

Just like the crude oil market, the LNG price has been affected by oversupply against low demand as a result of the lockdown from the COVID-19 threat.

According to reports, buyers are thus being forced to reschedule long-term deliveries.

Source: SweetCrudeReports via CrudeMix

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