Shell declares force majeure on Nigeria gas supply

Shell declares force majeure on Nigeria
gas supply
Royal Dutch Shell’s Nigerian joint venture
Shell Petroleum Development Company of
Nigeria (SPDC) on Friday declared force
majeure on its gas supply after an attempt
to steal crude oil from a pipeline led to a
fire, the company said in statement.
SPDC supplies natural gas to Nigeria Liquefied
Natural Gas (NLNG) for exports overseas as well
as to domestic power plants.
The stakeholders in Nigeria LNG are state-run
energy firm NNPC with 49 percent, Shell (25.6
percent), Total (15 percent), and Eni (10.4
percent).
SPDC, a 100 percent-owned subsidiary of Shell,
operates a joint venture in which the Nigerian
National Petroleum Corporation (NNPC) holds 55
percent, Shell 30 percent, Elf Petroleum Nigeria
Ltd (EPNL) 10 percent, and Italy’s Agip 5 percent.