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Global energy market: NNPCL delivers its first LNG supply to Japan

29/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Le mardi 27 juin 2024, la National Petroleum Company Limited (NNPCL) of Nigeria has completed its first LNG delivery to Japan using the carrier Grazyna Gesicka with a capacity & of 174,000 cubic meters. It has also extended these efforts to China, using the Delivered Ex-Ship (DES) model

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La Nigeria's NNPCL is expanding its influence in the global energy market. It increased its exports of liquefied natural gas (LNG) to Japan and China. This evolution simplifies transactions and aims to increase Nigeria's market share style="font-family: "Bookman Old Style”, "serif" > in the LNG sector. Despite a drop in production in 2023 due to raw material shortages, Nigeria's annual LNG production capacity is notable, at 22 million metric tons. This initiative is not only aimed at promoting Nigeria's role as an energy supplier, but also at supporting broader energy security and economic strategies.

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