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    Nigeria LNG delays cargo to Portugal's Galp scheduled for end-October

Summary

Nigeria LNG (NLNG) has delayed a liquefied natural gas shipment to Portugal's Galp due at the end of this month, the first disruption since the Nigerian company declared force majeure due to floods last week, a Galp spokesperson said on Tuesday.

by: Reuters

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Complimentary, Natural Gas & LNG News, Africa, Europe, Liquefied Natural Gas (LNG), Security of Supply, Corporate, News By Country, Nigeria, Portugal

Nigeria LNG delays cargo to Portugal's Galp scheduled for end-October

LISBON, Oct 25 (Reuters) - Nigeria LNG (NLNG) has delayed a liquefied natural gas shipment to Portugal's Galp due at the end of this month, the first disruption since the Nigerian company declared force majeure due to floods last week, a Galp spokesperson said on Tuesday.

"Galp and NLNG are discussing the timetable of the cargoes that are planned taking into account the current circumstances," the spokesperson said.

NLNG is Galp's main supplier of LNG.

Irregular supply from Nigeria has forced Galp to buy natural gas at higher prices on the spot market, leading to a loss of 135 million euros in the first half, with an impact worth well below 250 million euros expected for the year as a whole.

NLNG declared force majeure due to widespread flooding.

Last year, Portugal imported 2.8 billion cubic meters of LNG from Nigeria, or almost half of total imports, while the United States was the second-largest supplier with a share of 33.3%. (Reporting by Sergio Goncalves; Editing by Andrei Khalip)