LNG

Nigerian LNG flows have changed direction since the spring. Bonny Island sent cargoes to the UK, the Netherlands, Belgium and northern France on a fairly steady basis through late 2025 and into March 2026, but the last one to reach northwest Europe, Myrina into Zeebrugge, sailed on 16 March. Nothing has followed it in the four months since, despite Iberia and the Mediterranean continuing to take deliveries at close to their usual pace.

UTM Offshore is forging ahead with Nigeria’s first floating LNG project after securing a 15-year gas supply agreement that removes one of the biggest obstacles to reaching final investment decision (FID), now expected in Q4-2026.

African LNG exports have increased 27% yoy to 11.32 million tonnes in the first quarter of 2026, as Qatari supply disruptions pushed European buyers to source more cargoes from Nigeria, Algeria and Angola.

Eni CEO Claudio Descalzi and the Nigerian President Bola Ahmed Tinubu have ended a long-running dispute over OPL 245, one of Nigeria's biggest deepwater oil and associated gas reserves, unlocking feedgas for the Nigeria LNG project as the  Train 7 expansion nears completion.

TotalEnergies EP Nigeria has agreed to sell its 10 percent stake in Renaissance JV licenses to Vaaris Marine but retains its economic ties to blocks supplying feedgas to Nigeria LNG export terminal. The move signals majors are still committed to Nigerian LNG cash flows.

Nov 11 (LNGJ) - JGC Holdings Corp., with LNG contracts in Canada, Mozambique and Nigeria, reported a jump in first-half net profits as sales increased to 219.9 billion Japanese yen ($1.9Bln) from 199.4Bln yen ($1.7Bln) in the same six months of 2020, while forecasting an increase in LNG contracts in the next couple years. JGC’s profits in the period came to $48.4Bln yen versus 3.9Bln yen in the prior-year’s first half.

   JGC said outstanding LNG contracts were valued at 408Bln yen ($3.6Bln). These included LNG Canada in British Columbia and the Mozambique FLNG venture in southeast Africa. Other oil and gas sector contracts include a major oil refinery overhaul at Basra in Iraq. “Developments in large LNG projects are likely in fiscal 2022 and later,” said JGC.

Another large natural gas discovery in the Niger Delta has focused attention on the slow progress of the expansion project for the Nigerian liquefaction and export plant at Bonny Island, where a seventh Train has been planned for several years.

The countdown to the start of the expansion project for Nigeria’s liquefied natural gas plant, with the building of a seventh Train, has started after the signing of the first accord on LNG after the February re-election of President Muhammadu Buhari that ended months of indecision.

Nigeria LNG, the company that runs the West African nation’s six liquefaction Trains at Bonny Island on the Niger delta, has taken the first steps towards constructing a seventh Train after years of delay by awarding engineering contracts and planning to raise $7 billion from the global financial markets.

Aug 18 (LNGJ) - Rising shale oil and gas production in the U.S. has pushed back Nigerian LNG exports, according to state oil firm Nigerian National Petroleum Corporation (NNPC).

Nigeria exported just 2.3 Tcf, or 1% of total LNG export to the U.S. in 2011, compared to about 12% (95 Tcf) in 2007, NNPC figures show.