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Nigeria LNG declares force majeure on exports as blockade continues

07.01.2013  | 

The blockade, which has prevented liquefied natural gas tankers from accessing Nigeria LNG's loading terminal on Bonny Island since mid June, is the result of a long-standing dispute over the payment of duties on freight and exports between the company and the Nigerian Maritime Administration.

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By SARAH KENT

LONDON -- Nigeria LNG said Monday it had declared force majeure on its exports of liquefied natural gas as a blockade by Nigeria's maritime regulator over a tax dispute entered its second week.

The blockade, which has prevented liquefied natural gas tankers from accessing Nigeria LNG's loading terminal on Bonny Island since mid-June, is the result of a long-standing dispute over the payment of duties on freight and exports between the company and the Nigerian Maritime Administration and Safety Agency.

The company, which is a joint venture between Nigeria's state oil company, Royal Dutch Shell, France's Total and Italy's Eni, said in a statement emailed to the Wall Street Journal that it had declared force majeure effective from Friday, June 28.

A force majeure is declared when a company is unable to fulfill its contractual obligations to deliver exports due to circumstances beyond its control.


Dow Jones Newswires



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dan
07.03.2013

Zil you dont know what you are talking about, its the government issuing contradicting laws, and nimasa not following laws.

zil
07.02.2013

Shell Nigeria is irresponsible.
The blockade should continue and if shell and the other majors refuses to comply with the laws of Nigeria they should be relieved of their licences.
This inpunity.

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