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Nigerian LNG states that oil theft has curtailed gas production

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Reuters

Reuters

Abuja-Nigeria LNG Ltd's plant is producing up to 68% of its capacity due to problems such as crude oil theft and pipeline destruction, the company's manager said Tuesday.

Nigerian LNG is a consortium of the state-owned Nigerian National Petroleum Corporation, Eni, TotalEnergies and Shell, with an annual production capacity of 22 million tonnes.

CEO Philippe Mushelvilla said theft and vandalism are gradually putting pressure on Nigeria's oil and gas sector.

"We have been producing at about 60-68 percent utilization last month, in other words, about 35 percent of our capacity is empty," he told an energy conference in Abuja. Told.

"There are many factors, but the biggest one is the theft of crude oil. If we don't deal with this, we can't get out of this swamp where we are."

Mshelbila He said his company had stopped exporting liquefied petroleum gas for domestic use in order to meet demand from the local market.

Nigerian oil regulators said last week that oil theft lost $ 1 billion in revenue in the first quarter of this year, warning that this practice poses a threat to the economies of top African producers. Did. (Report by MacDonald Dzirutwe and Camillus Eboh, edited by Bill Berkrot)