Scramble for LNG spot market may catch Nigeria unawares

Scramble for LNG spot market may catch Nigeria unawares

The shift towards spot market for the $90 billion global Liquefied Natural Gas markets has gas producers scrambling to take positions in Asian markets but Africa’s 3rd biggest gas producer, Nigeria, may be caught unawares if its forwards contracts expire in three years without successful renewals or share gain in short-term markets. Long dominated by…

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